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Greece’s Prospects Remain Bleak, Whoever Governs
Center-right party is poised to win Sunday’s general elections, but even its pro-business leader will have hard time revitalizing economy
ATHENS—Greeks are expected to elect a pro-business government on Sunday, but the prospects for the country’s crisis-scarred economy remain grim.
After suffering the deepest depression in a developed country since the 1930s, Greece’s economy is still 24% smaller than in 2007, before the financial crisis began, according to national statistics figures. Its creditors, led by Germany, continue to insist that the country run big budget surpluses to service the bailout loans made in recent years.
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