Some key tasks pending as Greece edges closer to completing post-programme process
PBO highlights exceptional factors supporting recovery, cautions against complacency
Govt grabs opportunity offered by escape clause to entice voters with support package
Recovery in car sales slows to 2.7 pct in August
Rise of property prices continues with 4.6 pct increase in Q2
Strong response to dual bond transaction takes 2021 debt issuance to 14 bln
Covid recession bumped pension spending to 18 pct of GDP in 2020
Total age-related expenditure amounted to 26.4 percent of gross domestic product last year, according to figures in the Finance Ministry’s Stability Programme.
Pension spending rose to 18 percent of gross domestic product in 2020 as the economy shrank and various court decisions cancelled prior cuts, leading to backpay for hundreds of thousands of pensioners.
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