March 12, 2013

Berlin Lunchtime Meeting

Economic and Institutional Reforms in Greece: in for the Long Haul

Date

March 12, 2013

Location

Schumpeter Saal
DIW Berlin im Quartier 110
Mohrenstraße 58
10117 Berlin

Panel | Short Statements
Prof. Georges Siotis, Senior Economic Advisor to the EU Commission's Task Force for Greece
Dr. Ludger Schuknecht, Director General I, Fiscal Policy and Macroeconomic Affairs, International Financial and Monetary Policy, Federal Ministry of Finance (BMF)
Marcel Fratzscher, Ph.D., President of DIW Berlin

Chair
Prof. Dr. Alexander Kritikos, Research Director at DIW Berlin

Greece is still in dire straits: Since 2008 GDP has declined by 25 per cent in cumulative terms, unemployment has reached more than 25 percent. The end of the downward spiral is expected for 2014.
The Troika (consisting of the EU, the IMF and the ECB) has negotiated several programmes with the Greek government, which have comprised ambitious structural and institutional reforms, fiscal consolidation and a broad set of economic reforms. In the meantime reform progress can be reported, though large uncertainy remains about the ultimate success of Greek's transformation process and its future in Europe. This Berlin Lunchtime Meeting focusses on the current situation and future prospects of Greece's transformation process.

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