Public Sector

Greece: the never-ending story

On 20 August, Greece will complete its third financial assistance programme since 2010. Finally, the country’s economy appears to be in a much stronger position. In 2017, Greece recorded positive growth rates and is expected to maintain a growth rate of around 2% over the next two years. Furthermore, the primary fiscal balance has remained at around 4.0% of GDP since 2016, one of the highest levels in the EU. Despite this, the financial sustainability of the Greek public sector remains in question. In particular, Greek public debt remains at...