Greece
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Parliamentary Budget Office

Head of Parliamentary Budget Office Ends Term Predicting Austerity in 2018

The term of Greece's Parliamentary Budget Office chief Panagiotis Liargovas will not be renewed; His last draft on the 2018 budget predicts a year of austerity. Based on last year's figures, the 2018 budget generates concerns, the report says, while at...

Greek Parliamentary Budget Office Says End of the Country’s Oversight Not in 2018

According to analysts at the Parliamentary Budget Office (PBO), the road to normality for Greece will be long and all indicators point to the probability that the end of the strict oversight of the country will not come in...

PBO Report Warns Greek Government of Risks in Bailout Deal

Hefty tax burdens will burden the Greek economy and keep uncertainty lingering, a quarterly report by the Parliamentary Budget Office revealed on Tuesday, while also stressing that even though the new deal could have some positive aftereffects it comes...

Greece Caught in 'Debt Trap' Parliament Budget Office Says in 5th Interim Report

Greece is caught in a self-reinforcing recessionary spiral caused by its high and unsustainable debt, which must be deeply restructured in order to allow recovery, according to an interim report published by the Parliamentary Budget Office (PBO) on Wednesday...

Greece's Creditors Propose Danish Model for Labor Laws

Greece's creditors have proposed more flexibility and mobility regarding employment and suggested the Danish model for labor legislation. The proposals came to light after the conclusion of the first bailout program review. They are included in the latest Parliamentary Budget...

Greek House Report: Protracted Negotiations Damaged Economy

The Greek government "underestimated" the financial costs of protracting negotiations for "political benefit," reads the report of the Parliamentary Budget Office for the January-March 2016 period. The PBO is an independent authority that monitors the state budget. The first 2016...

Greek Parliamentary Budget Office Releases Gloomy Forecast for Greece's Economy

The Greek Parliamentary Budget Office found that the Greece's economy will face a tough few months ahead. In its quarterly report for the April and June 2015 period, the Office noted that the capital controls in effect since June 28 will not be lifted...

Greek Parliament Budget Office: Lack of Strategy Harms Economy

An agreement with creditors is urgent because the country is in danger of falling into deep recession and the government's lack of strategy harms the economy, says the quarterly report of the Parliamentary Budget Office. According to the report, the...

Parliamentary Budget Office Says 'No Growth Plan After Bailout'

The Parliamentary Budget Office issued a warning on Wednesday evening that there is no growth plan for the period after the bailout program ends, according to Kathimerini daily. “The possibility of national elections on the pretext of the presidential election...

6.3 Million Greeks Threatened by Poverty

A shocking report of the Parliamentary Budget Office regarding the economic situation of Greek households revealed that approximately 6.3 million Greeks are threatened by poverty. Approximately 2.5 million Greeks are living below the poverty line, while 3.8 million are in direct danger of...