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This is how Greece kept its budget on track in Q1
AgoraRecent Greek budget data showed the huge revenue gap of 968 million euros recorded in January narrowed to 389 million by the end of the first quarter (Q1) of 2015. At the same time, primary expenditure, which was just 53 million better than target in Ja...
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How Greek banks can balance on the collateral tightrope
AgoraThe ongoing and troubled negotiations between Greece and its lenders, as well as the weekly meetings of the European Central Bank’s governing council mean that there is growing concern about the extent to which Greek banks will continue to be able to dr...
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Greece's updated proposals to lenders and how they compare to previous efforts
EconomyProgrammeThe leaked details of the updated "parametric" measures the Greek government has sent to the institutions show that Athens's target is to collect revenues of 2.69 billion euros (1.51 percent of GDP) in 2015 and 5.21 billion (2.87 percent of GDP) in 2016...
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This is how things stand as bailout talks head for a brief pause
EconomyProgrammeThe Greek government and the institutions seem to have reached a consensus on a fiscal gap in the region of 3 percent of GDP for Greece to meet the primary surplus target of 3.5 percent of GDP in 2018. There is also convergence on the type of fiscal int...
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Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes
EconomyMacroeconomyThe multi-bill tabled in Parliament on Wednesday evening included a set of parametric fiscal measures yielding around 1 percent of GDP that completes the 3 percent of GDP in fiscal interventions that Greece has to make by 2018 as part of the first progr...
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Latest data highlights how hard it is for unemployed Greeks to find jobs
SocietyOut of all the people in Greece who were unemployed in the fourth quarter 2015, 94.6 percent remained out of work in the first quarter 2016, in what is the highest rate in the European Union, data from Eurostat has shown. Only 4.3 percent of jobless Gre...
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Who pays property tax and how much revealed by Greek authorities
EconomyMacroeconomyThe General Secretariat of Public Revenues (GSPR) published on Tuesday evening the results of the single property tax (ENFIA) settlement along with comparisons to last year. It also provided insight into who paid the levy. The total ENFIA due in 2016 am...
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How the pension fund that invested heavily in Attica Bank lost half its reserves
AgoraThe Engineers and Public Contractors Pension Fund (TSMEDE) found itself in the spotlight over the last few days as a result of being the major shareholder in Attica Bank, which faced a number of issues related to corporate governance and lending activit...
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How Greece's political system failed to safeguard the largest investment in the country's history
AgoraOn Friday September 23, the Hellenic Financial Stability Fund (HFSF) published its interim financial statements for the first quarter of 2016. As usual, the results failed to make many people sit up and take notice. HFSF was founded in July 2010, shortl...
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Trade after Brexit: How Greece and the EU will be affected
AgoraFollowing British Parliament's recent backing of the government’s plans to start Brexit talks in the coming months, the exit of Britain from the European Union is a step closer to becoming a reality. The Theresa May government, appointed after the defea...
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