Argonautica

With the Greek economy having regained its lost competitiveness upon joining the Euro; its current and fiscal account now in surplus and its government debt restructured; we think the emergence of Greece from recession should soon be officially confirmed. In view of Greece’s position at the epicentre of Eurozone stress, the Grecovery is likely to be the most important European economic and political event of 2014. The Greek economy has had six years of recession, with real GDP having contracted…