
The recent elections in Greece led to a strong result and a new four-year term for the New Democracy party, whose investment-friendly program underpins its decision to upgrade Greece’s outlook to positive as early as 2.12.2022, with the assessment of BB+ to be one step away from investment grade ahead of the house’s new rating on 4 August, Scope Ratings said.
The German rating agency that aspires to become the European answer (it has submitted a relevant application to the ECB) to the top four agencies (DBRS, S&P, Moody’s, Fitch), which are currently also accepted by the Eurosystem as external rating agencies (ECAIs), expects that growth in Greece will range at 2.3% this year (vs. 1.2% predicted in December) and 1.6% in 2024, with public debt to GDP falling to 161.2% and 154% respectively even reaching 142.2% in 2028, which means that it will have fallen by 64.1 percentage points from the historical high of 206.3% of GDP in 2020.
Greece’s relations with Europe have been strengthened institutionally in recent years, including essentially better access to financing from the ECB. As long as Greece complies with the rules of Europe, Scope believes that the ECB will support the Greek markets if necessary and in the future from unfavorable situations. Moreover, the result of the elections will support this embankment for at least the next 4 years.
The assessment of Greece currently still reflects the following challenges:
1. The (still) high debt
2. The weak banking system (although bad loans have decreased).
3. Uncertainties surrounding fiscal policy after the relaxation of European supervision
4. The long-term political risk.


Latest News

IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock

First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region

Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)

Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.

Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Alter Ego Ventures' participation in the share capital of Couch Heroes marks yet another investment by the Alter Ego Media Group in innovative companies with a focus on technology.

Corruption Still Plagues Greece’s Driving Tests
While traffic accidents continue to claim lives on Greek roads daily, irregularities and under-the-table dealings in the training and testing of new drivers remain disturbingly widespread

Pope Francis Died of Stroke and Heart Failure Vatican Confirms
As news of the official cause of death spread, tributes poured in from across the globe. The 1.4 billion-member Catholic Church is united in grief, remembering a pope who championed inclusion, justice, and compassion

Increase in Both Museum Visits, Revenues for 2024
As expected, the Acropolis was the top archeological site in the country, followed by Sounion, Mycenae, the ancient theater of Epidaurus, and Vergina in northern Greece

Where Greece’s Tourists Come From: A Look at 2025’s Top Visitor Markets
The United Kingdom continues to hold the top spot as the largest source of incoming tourism, with 5.6 million seats booked for Greece this summer — up 2.2% from last year. This accounts for 20% of all international air traffic to Greece

Pope Francis: A Pontiff Who Reshaped the Papacy and Sparked a Global Conversation
His first words from the balcony of St. Peter’s Basilica—“Brothers and sisters, good evening”—set the tone for a pontificate that would challenge norms, favor mercy over dogma, and bring the papacy closer to the people.