In its eighth year of paralyzing austerity, Greece is facing another hot summer. Political controversies will be even more heated than the blessed Peloponnese climate, as the Tsipras Government is expected to vote on another round of austerity measures to unlock a final €12 billion bailout tranche. If the vote is passed, Greece should exit the bailout programme on August 20 this year and, if all goes according to plan, Athens might see some sort of debt relief after the three botched bailout loans. Against the background of an impending labour, tax and pension reforms, many Greeks still wonder where future Greek economic growth will come from – the recent surge in tourism, accounting for 20 percent of national GDP, has certain organic limits, whilst other sectors of economy have been largely withering. Despite colossal constraints, the Greek economy has been growing for the fifth consecutive quarter already, albeit […]