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Greece’s Economy: Resurgent, but Still Fragile

Summary:
Describing the Greek economy these days as a phoenix ascendant from the ashes of crisis is, given the country involved, an apt metaphor. Yet it may be too early to mythologise the Greek economy. Fast money has done well investing in Greece, but the stickier long-term investors that Greece so desperately needs remain sceptical. Until the fundamentals improve, this phoenix still has one wing tied down. Click here for my latest column in the Financial Times. Share this

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Describing the Greek economy these days as a phoenix ascendant from the ashes of crisis is, given the country involved, an apt metaphor. Yet it may be too early to mythologise the Greek economy. Fast money has done well investing in Greece, but the stickier long-term investors that Greece so desperately needs remain sceptical. Until the fundamentals improve, this phoenix still has one wing tied down. Click here for my latest column in the Financial Times.

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