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VAT and underspend drive budget outperformance in first six months
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Tourism shows resilience despite geopolitical uncertainty as May arrivals and revenues rise
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Record travel receipts and narrower trade deficit reflected in current account up to May
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Energy and domestic market drive industrial turnover growth of 14.1% YoY in May
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Primary surplus up to June at 4.48 bln as taxes continue to outperform, spending contained
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Energy continues to drive import prices as May sees 13.3% YoY rise
Greece seeks to finalise 1 pct of GDP in new tax measures to close review
The Greek government appears to have prepared proposals for a range of tax measures to discuss with the mission chiefs in Athens as efforts to close the programme review intensify.
Apart from measures related to pension reform and direct taxes - each yielding 1 percent of GDP (1.8 billion euros) - the government has to identify additional measures of 1 percent of GDP to cover the fiscal gap of 3 percent by 2018.
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