Greece
Economy
Parliament Budget Head: Either Home Auctions Resume, or a Bail-in is Coming
A set of highly alarming predictions about the future of the Greek banking system were revealed today by the outgoing Parliament Budget Office head, Panagiotis Liargovas.
In an interview with Skai TV, the economist; whose term in the Parliament Budget...
Economy
Head of Parliamentary Budget Office Ends Term Predicting Austerity in 2018
The term of Greece's Parliamentary Budget Office chief Panagiotis Liargovas will not be renewed; His last draft on the 2018 budget predicts a year of austerity.
Based on last year's figures, the 2018 budget generates concerns, the report says, while at...
Greece
Greek Parliamentary State Budget Office Warns of Bankruptcy Risk if Debt not Eased
Greece is at risk of bankruptcy unless there is substantial debt relief, warns the Parliamentary State Budget Office, while calling for the need of tax policy change.
In its quarterly report (July-September 2017), the House office claims that debt relief...
Economy
Parliament Budget Office Warns about Premature Optimism over Greek Economy
Speaking in the House today, the head of Parliament's Budget Office warned the government not to create great expectations concerning both the exit from the Greek bailout programme and the growth of the Greek economy.
Panagiotis Liargovas said that a...
Economy
Greek Parliament Budget Office Rings Warning Bell over Timely Completion of Third Review
The Greek Parliament Budget Office warns that if the government postpones the completion of the third evaluation of the bailout program for 2018, Athens will fail to meet the budget targets for next year.
Head of the Budget Office of...
Economy
Greece Caught in 'Debt Trap' Parliament Budget Office Says in 5th Interim Report
Greece is caught in a self-reinforcing recessionary spiral caused by its high and unsustainable debt, which must be deeply restructured in order to allow recovery, according to an interim report published by the Parliamentary Budget Office (PBO) on Wednesday...
Economy
Budget Office Chief: Eurogroup Decision Positive, but Road Towards Agreement Is Long
Eurogroup’s decision to approve the return of the mission chiefs in Athens is a positive development but the road towards the final agreement is long and unclear, the head of the parliament’s Budget Office, Panagiotis Liargovas, said on Wednesday.
"The...
Economy
Greek Budget Office: Automatic Contingency Triggers Unavoidable Without Institutional Changes
A development plan is necessary for Greece if it is to avoid veering away from its targets, thus setting the automatic the contingency mechanism into effect. Greek Parliament's Budget Office Coordinator Panagiotis Liargovas said that political stability is one...
Economy
Greece Needs Nominal Debt Haircut to Recover, Head of Parliament's State Budget Office Says
Greece's debt as a proportion of GDP was double the average in Europe and a sign of the Greek economy's failure, as well as indicating that the country needs a reduction of its nominal debt in order to recover,...
Economy
Head of Parliament's Budget Office Testifies in Bailouts Probe, Sees 'Memorandums' Until 2018
Greece will most likely remain under "memorandum" regimes until at least 2018 unless there is an "honest agreement" with its creditors, the head of the Greek Parliament's Budget Office Panagiotis Liargovas said on Tuesday. He was testifying in an...
Greece
Greek Parliament Investigating Committee on Memoranda Unveils Witness List
The Parliamentary investigating committee set up to examine the causes of the Greek crisis and the reasons that the country was pushed into accepting bailout Memoranda, unveiled a list of witnesses on Wednesday that it hopes to summon,...