Greece: First Post-Program Monitoring Discussions-Press Release by IMF

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The economic recovery in Greece is accelerating and broadening. Growth and job creation in Greece are expected to accelerate further in 2019. Public sector financing needs remain manageable under the baseline due to strong fiscal balances, low debt servicing costs, and a large cash buffer. While access to external funding is improving, spreads remain high, and domestic credit growth remains negative. In this scenario, Greece’s capacity to repay the Fund is assessed to be adequate. However, vulnerabilities remain significant and downside risks are rising. Greece’s crisis legacies - high public debt, impaired private balance sheets - along with a still-weak payment culture make the economy vulnerable to increasing external (e.g., global slowdown, sharp tightening of financial conditions) and domestic risks (e.g., ongoing court cases challenging key reforms, and reform fatigue). If selected fiscal risks materialize, the sovereign’s repayment capacity could become challenged over the medium term.



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Interview with Sergali Adilbekov, founder of Swiss Social

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Εικόνα
Please introduce yourself to the readers of this blog and update us on your latest ventures. My name is Sergali, I am originally from Kazakhstan, educated in the USA, and now living in Switzerland. My career brought to many different industries such as private equity, agricultural and construction equipment, all vertical chain of oil & gas businesses, and accumulating many social contacts through work and travel I decided to start a few social initiatives that would let me share interesting things among the people that I know and offer them a platform to network with each other at a cardinally new high-quality level. That's when I started my two latest ventures - I'm the Founder & Curator of TEDxLugano conference and the Founder & Owner of Swiss Social networking club. The goal and purpose of Greek Social Network Club and introduction to the wider global organization?  Greek Social is one of the daughter projects of Swiss Social (that became quite viral a
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My new article published in Naftemporiki newspaper

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Εικόνα
December 6, 2023: Naftemporiki major business newspaper in Greece, published my new article “ Οι παγίδες της επενδυτικής βαθμίδας “. Welcome to read it and please share with your network: https://www.naftemporiki.gr/afieromata/the-n-society/1544203/oi-pagides-tis-ependytikis-vathmidas/ If you examine the matrix above, Greece still has a long way to go before receiving higher investment grade status from S&P, Moody’s and Fitch. The country needs to move in 2024 from BBB higher up with executing important political & economic reforms that need to take place before further receiving investment upgrades. –Efstathios Kassios www.skassios.com 
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My conversation with an AI Chatbot

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Εικόνα
Dear readers, I recently had an interesting short “conversation” with an AI chatbot. Here’s an excerpt from the conversation including a simple graph generated by the AI chatbot itself: -Efstathios Kassios : Can you compare and visualize Human Intelligence to Artificial Intelligence in a simple graph with your current knowledge? -AI Chatbot : Comparing human intelligence with AI intelligence in a graph is a complex task, as intelligence is a multifaceted concept with various dimensions. Nevertheless, here’s a simplified representation that considers certain aspects: In this basic visual representation: -The vertical axis represents the  level of intelligence . -The horizontal axis represents  time . The graph suggests that AI intelligence, depending on the specific task and domain,  may surpass human intelligence  in certain areas over time. However, it’s crucial to note that human intelligence is complex, encompassing emotional, social, and creative aspects that current AI systems oft
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