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  1. Brussels flags downside risks for Greece as conflict‑driven inflation surges
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    for 2026 submitted by the Finance Ministry to Brussels, growth was also revised down to 2% from the 2.4% expected in the budget. The Commission now lowers its growth forecast to 1.8%, compared with 2.1... position, with the budget expected to post a total surplus of 0.8% of GDP this year and 0.6

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  2. Coalition in a bind as debt relief slips away and more austerity looms

    PoliticsGreek Politics

    The possibility of having to implement around 2 billion euros in new austerity measures next year... year, on top of around 4 billion euros already included in the draft budget, presents the coalition... the government can find all of the extra 2 billion euros, or more than 1 percent of GDP, it will need

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  3. Newsletter 21 - 27/03/2015

    Newsletters

    budget. SYRIZA has pledged to replace ENFIA with a tax on large properties, after a downward... SYRIZA had initially predicted the new tax would return 2 billion less in revenue and has refrained... in January year-on-year. 2 Anomie flows from the top Many citizens are confounded by the behaviour

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  4. Newsletter 49 - 30/10/2015

    Newsletters

    of 2 billion euros. A few days later, on October 27, the government’s council for economic policy... in September. October’s rise took the index to -59.6. Overall,ESI is down 12.6 points this year. 2... included in the 2016 draft budget. Greece is also in discussion with its lenders about tightening

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  5. Coalition poised to unveil pension reform proposals, hoping to avoid cuts
    Photo by MacroPolis

    EconomyProgramme

    and granting of pensions. 2) The final pension amount will be made up by the national and the main... the amount that around 2 million people in the public and private sectors contribute to the social security...) for supplementary pensions. The 2016 budget voted on December 5 incorporated pension interventions

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  6. Newsletter 62 - 12/02/2016

    Newsletters

    unaffordably generous” and unsustainable since the Greek budget subsidises the pension system... at an accelerating pace of 5.2 percent in December from an upward revised 2 percent in November. December’s... is the highest since January 2007. 2 A rock and a hard place PM can no longer charm his way out

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  7. Pension and income tax reform bill sets out 4.4 bln in new measures

    EconomyProgramme

    games would reduce revenues by 201 million compared to those incorporated in the 2016 budget. The GAO... million. This figure is expected to rise to 900 million from 2020 thereafter. 2) Cut in current (284... million. 2) New methodology for calculation of self-employed contributions based on declared

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  8. Outline of fiscal mechanism for automatic cuts emerges after Eurogroup

    EconomyProgramme

    2 percent of GDP in extra standby measures now, as some of the lenders had initially wanted... 1.5 percent and if the programme is off track by 1.76 to 2.25 percent then 2 percent of new cuts... that any measures adopted could be reclassified when the government tables its draft budget in October

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  9. Eurozone sets out proposals for staggered debt relief for Greece

    EconomyProgramme

    percent in 2025 and 1.3 percent from 2030 to 2060. Under this baseline scenario, the primary budget... of interest charged to Greece at 2 percent, with any interest that would have been payable in excess of the 2 percent being deferred until 2050. The accumulated and capitalised deferred interest would

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  10. Newsletter 84 - 29/07/2016

    Newsletters

    in the first six months. On the same day, the BoG said that credit contraction remained stable at 2 percent..., which is the lowest reading since the start of the year. The final budget execution figures released.... 2 Time to think outside the box Greece needs a robust media watchdog and ethics code

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