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Travel receipts up by 10.5 pct YoY in Aug on back of 7.5 mln arrivals in
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Hiring balance improves by more than 18,000 jobs up to Aug
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Current account deficit improves significantly, reaching 6.62 bln up to Aug
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Industrial turnover continues to slide with 1 pct YoY drop in Aug
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IMF's latest macro and fiscal estimates reflect economic stability
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Tax collections and contained spending take primary surplus 4.15 bln above target in Sep
Several obstacles on narrow fiscal path to new tax cuts
The Greek government finds itself under severe pressure following mass protests across the country in relation to the Tempe crash nearly two years ago. It should be considered a given that once the dust settles it will attempt to change the sentiment with some voter-friendly initiatives and its tried and tested approach of leaning towards the middle class with pledges of lowering the tax burden.
Since the turn of the year government officials have been briefing that the Finance Ministry is working on changes to the tax regime, with a focus on lowering the tax burden for annual incomes between 20,000 and 50,000 euros.
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