Extension of maturity of loans by 20 years and cutting the interest rate by half a per cent is a step in the right direction, but this will not suffice.

Excluding some well-organised professional groups from austerity hurts others.

Greece needs to proceed with the core bank’s share capital increase regardless of the political cost

Politics will determine whether the Greek economy will suffer a setback or enter a virtuous cycle in 2014

Credit sector must take advantage of the best international market conditions since 2007 to woo investors

Greece has seen the biggest rise in dependent people per worker

Country has seen the biggest rise in dependent people per worker, with the repercussions of that looming

Three-and-a half years on, part of the public sector remains mostly immune to the adjustment process

Management of national project will be important since some borrowers may seek special treatment

Goal of an extroverted economy cannot make headway without increasing the economy’s capital stock