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Moody's leaves Greece's rating unchanged, one notch from investment grade
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Investment grade boost visible in strong demand for Greek assets
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Labour database shows 8 in 10 workers earn less than 1,200 per month
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Investment grade rewards evident in first bond issuance of 2024, attracting record demand
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PDMA taps markets for first time this year via modest bond reopening
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Greece aims to replicate last year's successful debt strategy in 2024
OECD finds tax cuts linked to pandemic helped reduce wedge on labour
The Greek government came into office in 2019 promising tax cuts and the adoption of the Stability and Growth Pact escape clause by the eurozone during the pandemic allowed New Democracy to reduce the tax wedge on labour, along with 43 billion euros of Covid-related relief over 2020 and 2021.
According to the latest data monitored by the OECD in its Taxing Wages for 2022, Greece is one of the OECD countries that reduced the tax burden on incomes, primarily thanks to abolishing the solidarity levy on private sector incomes and the reduction b...
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