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  1. Why tax evasion threatens to become endemic due to how Cyprus was bailed out
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    One of the most difficult economic concepts for politicians to understand is the idea of dynamic... (one is taxed after making 19,500 euros) combined with a relatively professional tax service, has..., following the example set in Italy. Tax authorities need to have an action force that can monitor traffic

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  2. Topsy-turvy ride continues for Independent Greeks, as another MP goes

    PoliticsGreek Politics

    was formed, several key members quit in a disagreement over his leadership style. One, Christos Zois, set...Greece’s quirky anti-bailout party, Independent Greeks, found itself minus one MP on Monday... is significant in that it reduces Independent Greeks to just 17 seats, one fewer than Golden Dawn

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  3. SYRIZA's bid to force elections by early 2015 will be a close-run thing

    PoliticsGreek Politics

    the necessary support, the outgoing President set a date for elections to be held within 30 days. A closer... a presidential nomination is not a new one in Greece. In fact, it was used as recently as 2009, when PASOK leader... that the government has altered the role of the president from one that is largely ceremonial to one

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  4. Fitch upgrades Greek credit rating to B with stable outlook

    EconomyMacroeconomy

    was published on May 14, 2013 when long-term rating was raised by one notch from ‘CCC’ to ‘B-‘. Greece’s highest credit rating is the one from Fitch, followed by S&P’s ‘B-’ with stable outlook, which was set...As previously rumoured, Fitch upgraded on Friday Greece’s rating by one notch to ‘B’ from ‘B

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  5. Greek debt: A case of learned helplessness?
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    restructuring by its eurozone partners although it was evident that one was necessary. Instead, Athens..., Greece’s solvency crisis was presented as a liquidity one, prompting the eurozone and the IMF..., when the program was initially set up, out of the 87 billion euros scheduled to be disbursed between

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  6. ECB tests find negligible capital shortfalls at Greek banks
    Photo by MacroPolis

    Economy

    comprehensive assessment on the financial health of 130 banks in the euro area, with just one Greek lender...) and uses both a baseline and an adverse scenario. The capital benchmark was set at CET1 of 8 percent... only one bank (Eurobank). For Eurobank and NBG, the ECB said in a footnote that “the dynamic balance

    6%

  7. Is there (sustainable) growth in Greece?
    Photo by MacroPolis

    Agora

    are interpreted as an 'upside surprise' one can get a pretty good idea of the parlous state of the euro... to B from B- with the outlook set at stable in recognition of the “substantial fiscal adjustment... special attention. One factor that could lead to turbulence concerns the economic effects of the EU’s

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  8. Greek MPs pass 2015 budget but give few clues for presidential vote
    Photo by MacroPolis

    PoliticsGreek Politics

    MPs voted in favour of the budget, 134 against and 1 voted present. One government MP (PASOK) was unable to vote, while one independent backed the budget. Katerina Markou an independent formerly... as relying on defamation and innuendo to prevent a president from being elected. One investigation

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  9. Snap elections in Greece: The scenarios ahead

    PoliticsGreek Politics

    likely than the latter and so far only one polling company (Public Issue) has published projected... themselves are far from solidly united. Fellow anti-austerity party Independent Greeks is one option... To Potami, which looks set to be between the third and fifth largest party. As in the case

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  10. Greece submits reform proposals but Eurogroup unlikely to be moved

    EconomyProgramme

    reforms to be submitted for technical discussions. The Financial Times is one of several publications... respectively, making up more than one-fourth of the cumulative tax arrears. According to the proposed law... in the surcharges. The law allows for debtors to pay in advance of the tax submission set date (end of May

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