-
Credit growth accelerates to 3.2 pct in May, led by loans to businesses
-
PBO urges continued fiscal discipline amid growing instability
-
Rising bond yields a concern, but not an immediate fiscal problem
-
OECD finds tax cuts linked to pandemic helped reduce wedge on labour
-
Reopening of 7-year bond affirms tougher conditions on sovereign debt market
-
S&P moves Greece closer to investment grade, puts focus on budget and growth
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.
Full Access
A tailor-made service for professionals
Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.
Free Access
Read some of our analysis for no charge
By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.
Standard Access
Our analysis and data at your fingertips
Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.
€480.00