Yields rise, but Greek debt still partly shielded from market headwinds
Travel receipts reach 8.55 bln up to July, balance of 7.71 bln beats 2019 record
Moody's, DBRS keep ratings unchanged, leave no doubt that fiscal prudence is key for next moves
Finance Ministry costs new support package, but questions remain over electricity subsidies
Industrial production grows by 7 pct in Jul, as manufacturing records monthly drop
Hiring balance slows in June as job market returns to normal levels
Study estimates tax evasion costs taxpayer up to 16 bln annually
Tax evasion in Greece is estimated to range from 6 to 9 percent of GDP, involving tax losses from 11 to 16 billion a year – the equivalent of almost one third of public revenues – according to a new study conducted by Ernst and Young for the Athens-based think tank Dianeosis.
In specific, the study showed that foregone revenues from individuals (mostly the self-employed) range from 1.9 to 4.7 percent of GDP, while the respective figure for VAT stands at 3.5 percent. In addition, lost revenue as a result of alcohol, tobacco a...
If you are already registered, please sign in.
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.
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.
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