126
Austerity-Hit Greece Headed for Biggest Euro-Area Easing
By Sotiris NikasSign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.
After implementing three bailout programs during a decade of severe austerity, Greece will be the euro-area country with the largest fiscal expansion in 2020, according to Moody’s Investors Service. The Greek government, which took office in July, has already voted a package of measures that include reductions in taxes for companies and households. It also aims to renegotiate its primary surplus targets for 2021 and 2022 with European creditors — a discussion expected to start in the first half of this year.