GSEE: Greek Economy Will Need Transformation into a New Productive Model

ATHENS – The new economic and social challenges created by the coronavirus pandemic demand the creation of conditions for the transformation of the economy into a new productive model of sustainable growth, the Labour Institute of GSEE (Greece's largest trade union umbrella) said in its latest bulletin on economic develoipments.

The bulletin said that in the next quarters, the Greek economy will enter into a new phase of recession, when it will face chronic growth, macroeconomic and fiscal limitations. It noted that the expansionary efficiency of a fiscal policy mix which will be implemented in the coming period, along with the transition of the country into a negative fiscal balance, will be judged by the degree to which there is focused support of consumption and investments of both households and enterprises. "The distribution of fiscal resources and mostly, developments in employment, wages and protection of workers, will be a decisive factor for the duration and intensity of the recession and the return of the Greek economy to stability and growth," the report said.



LONDON — For many struggling families, older people and the homeless, Michelle Dornelly's food hub in east London has been a lifeline.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.


Pentagon Says More High-Tech Weapons Going to Ukraine

WASHINGTON — Nearly 50 defense leaders from around the world met Monday and agreed to send more advanced weapons to Ukraine, including a Harpoon launcher and missiles to protect its coast, Defense Secretary Lloyd Austin told reporters.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.