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The Greek Current
The Greek Current

Greece: 2022's unlikely economic winner

For the first time in a while, the economic party is happening in the Mediterranean, and Greece is leading the way ahead of Spain and Portugal. As The Economist looked into the best and worst economic performers of 2022, Greece found itself at the top of the list, with high growth, narrow inflation breadth, plunging debt-to-GDP ratio and an outperforming stock market. Prime Minister Mitsotakis tweeted about the results, saying the government’s efforts and reforms were making a real impact. Prianthi Roy joins Thanos Davelis to break down the numbers and explore whether this positive trend will persist in 2023.

Prianthi Roy is the Country Forecast Manager and Europe Analyst at Economist Intelligence (EIU). She oversees long-term forecasts and business environment rankings for 82 countries globally and leads country analysis for Europe, specifically the Nordic countries.

Read The Economist’s report here: 2022’s unlikely economic winners

You can read the articles we discuss on our podcast here:

Parties setting out electoral goals

Sweden, Finland must send up to 130 "terrorists" to Turkey for NATO bid, Erdogan says

Turkey pushes back vote on Sweden and Finland’s Nato accession

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Russia's hybrid war and Europe's far right turn

On August 4, a drone struck the wing of a Ukrainian aircraft at Germany’s Leipzig Airport and fell onto the tarmac. It failed to explode. Two more drones were also found nearby over the next few days. All the evidence has pointed to Russia as the main culprit, with German officials highlighting how the Leipzig airport attack followed a “well-established pattern of Russian hybrid operations in...

Greece lures hedge funds and rebuilds market trust while NATO looks to put Greenland saga behind it

At the height of the last decade’s financial crisis, Greece was not only struggling to keep capital in the country, but its borrowing cost was also sky high. Today, Greece is wooing the world’s leading hedge funds with a new tax regime designed to lure investors to establish substantial operations in Athens, and we’ve already seen it persuade billionaire Chris Rokos and the hedge fund...

The Houthis and the Red Sea crisis, Turkish threats in the Aegean, and political turmoil in Serbia

This week we’re traveling around the region, moving from the Red Sea to the Balkans.While the Iran war has disrupted energy flows through the Strait of Hormuz, the world’s attention shifted to another major global chokepoint at the mouth of the Red Sea this past week, the Bab-el Mandeb Strait, as Iran-backed Houthi rebels tighten their grip over this strategic maritime route and threaten Saudi...