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Despite disposable income rise in Q4, saving rate negative for five quarters in a row
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Greece unveils new batch of cost-of-living measures after robust 2025 fiscal results
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Tourism season starts strongly in Feb with receipts up 70.7 pct in first two months
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Manufacturing drives industrial turnover decline of 4.6 pct YoY in Feb
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Hiring balance stays negative in Jan as new hires drop YoY
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Car sales rise strongly in March, up 6.4 pct YoY in Q1
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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