Moody's holds on rating update stressing need for reform
Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
New government sets sights on sustainable and wide-reaching tourism industry
Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
Bonds enjoy great buoyancy but remain some distance from investment grade
Strong investor demand for 7-year bond, yield settles at record low of 1.9 pct
Greece sees highest tax wedge increase among OECD countries in 2016
The tax wedge in Greece remained above the OECD average in 2016, when it increased by more than 1 percentage point (pp), which was the highest rise among the 35 OECD countries, the OECD Taxing Wages 2017 report revealed on Tuesday.
For a single worker, Greece’s ranking was the 14th highest among the OECD countries in 2016, one position above where it was by 2015. The tax wedge stood at 40.2 percent in Greece in 2016, more than 4 pp higher than the OECD average figure, which edged ...
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