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Bloomberg Talks
Greece PM Talks Economic Prospects
Jan 19, 2024
Greece PM Kyriakos Mitsotakis talks about positive performance and long-term growth of Greek economy, concerns about geopolitical issues and cost of living, successful economy with IPO of Athens international airport and infrastructure investment, progress in divesting stakes of banks, and social reforms like same-sex marriage legislation and addressing inequality.
07:29
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Quick takeaways
- Greece's strong economic growth is attributed to foreign direct investment and a declining debt-to-GDP ratio, resulting in improved image and bond performance.
- The Greek government aims to promote sustainable tourism, sell stakes in the Athens airport and Greek banks, and introduce legislation for same-sex marriage.
Deep dives
Greek economy showing sustainable growth
The Greek economy is experiencing a strong growth cycle, outperforming the Eurozone average. This is due to a significant amount of foreign direct investment and a declining debt-to-GDP ratio. The Greek bonds are trading close to Spanish bonds, reflecting the country's improved image. The government aims to balance fiscal prudence with sustainable growth by reducing taxes and improving the business environment.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode