FILE PHOTO: A man wearing a protective face mask makes his way on Omonia square in Athens, Greece, September 3, 2020. REUTERS/Alkis Konstantinidis
The economy contracted by 8.2% last year, less than expected, despite much lower tourism revenues and tough restrictions the Greek government imposed to contain the spread of the coronavirus pandemic. Greece’s economy is expected to grow by an annual rate of about 3.5% in the current decade thanks to the billions of euros from a recovery package agreed with EU leaders last year and other EU funds, Stournaras said.
Greece is expected to get some 32 billion euros in grants and cheap loans from the European Union recovery fund in the coming years.
Ask the Greek families about economic growth. We are laughing and crying at the same time!
Imagine if they had the ability to control the value of their currency. It could be 10%.
Well that ought to make the IMF rapist happy