The Greek Economy is Moving on Shattered Ground

The Greek economy is starving, unable to breathe, and this is clearly evident from a survey by the Athens Chamber of Commerce and Industry published last week. The ACC is calling on the government to correct the suffocating situation faced by small and medium-sized enterprises due to government policy. They focus on the following: over-taxation, …

European Productivity: Slowdown with wage freezes and layoffs

Productivity in Europe is slowing, putting a damper on real wage increases, the International Labour Organization (ILO) has found. In its “World Employment and Social Outlook Trends 2025” chapter, the ILO highlights that labour productivity has declined since the COVID-19 pandemic. Real labour productivity per hour worked in the EU-27 economies fell by 0.1% per …

After Inflation, the beginning of Recession or Stagflation?

The inflation phenomenon continues to weaken recently (at 2.5% in June in the Eurozone) although as has been emphasized several times this does not mean that prices are falling. Accuracy remains a “noose” for incomes, a condition that can lead to a parallel weakening of economic activity and investment and ultimately to recession. The odds …

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