Greece is better, but Greeks remain poor

JT 20H – The country finally comes out of the international guidance imposed by the European Commission, the European Central Bank and the International Monetary Fund, Monday, August 20, 2018. But despite the good health of tourism, the country's economy is still very bad vulnerable, and this is felt for the inhabitants.

Historical date for Greece. After eight years of an infusion, including € 260 billion borrowed to save his public bills, in exchange for which the country was imposed by the European Commission, the ECB and the IMF, austerity measures The country will drastically no longer be under international economic supervision, ie it can finance itself soon.

If the financial statements of the country are in better shape from a macroeconomic point of view, the pressure remains extremely strong, while Athens still has to comply with strict budgetary commitments: a surplus of 3.5% and then 2, 2% to 2060, in particular, in exchange for debt relief. The country is therefore "free" but "under stricter supervision", as European Commissioner Pierre Moscovici, unintentionally ironic, on Monday August 20 at France Inter.

Poverty and unemployment are still at the top

This upcoming surveillance and the various savings plans have not been without consequences for the lives of the Greeks. Although the tourism industry is in good health, other global indicators remain particularly worrying: the GDP of the country has decreased by a third, which limits public investment opportunities, the unemployment rate is higher than 20%, mainly due to multiple cuts in public budgets and the slowdown in activity. As a result, the population remains poor, with 35% of the population below the poverty line and access to health care being particularly limited.

This topic was broadcast in the television news of 20H of 20/08/2018, presented by Julien Arnaud on TF1. You will find news items on the 20H20 program of 20 August 2018 on current economic, international and cultural policies, analyzes and reactions to the most important topics of the day, topics in the regions & surveys on topics related to the daily French.

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