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Taxes continues to drive budget outperformance in September
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Energy drives 13.8% YoY jump in August import prices
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Car sales bounce back with 1.2% YoY rise in September
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Draft budget for 2027 centred on strong surplus, selective support measures
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Industrial production jumps 5.8% YoY in Aug, led by electricity supply
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CPI accelerates to 5% YoY in Sep as energy dominates
New court verdict adds to concern about impact of backpay on fiscal balance
Another court decision on backpay has revived fears that in the months to come the Greek government could be facing an additional spending outlay that may threaten to derail plans to maintain a primary surplus of 3.5 percent of GDP until 2022.
The issue is back in the news after the sixth section of the Council of State deemed this week cuts to the Christmas, Easter and summer bonuses unconstitutional for serving civil servants from 2012 onwards. The verdict is not final as the seven-member p...
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