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UnLuCky for some: Another painful lesson from the euro crisis
Agorafor tolerance. Over the last year and a half one of the three key players in Greece’s crisis management team... respected figure, confessed in early 2013 that the fiscal multipliers used in the design of the Greek... higher unemployment rates.” Design flaws If you are a euro crisis season ticket holder you must have
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ESM report highlights programme weaknesses, outlines improvements for future bailouts
EconomyProgrammeaspects. Specifically, it finds that the ESM lacked a framework to design strategic objectives, which... must have a high-level guidance on programme design with overarching principles of design, review and decision making. The ESM should also set out clear expectations and instructions
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Bailout review resumes in Athens but substantial gap remains
PoliticsGreek Politicspaid amount and the one that would result from the recalculation) that would be guaranteed for a 3-year... in Parliament an amendment extending the moratorium on the sale of consumer, SME and primary residence non-performing loans (NPLs) by one month to April 15. The next meeting with Tsakalotos
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First days of talks confirm gap between Greece, lenders on pensions
PoliticsGreek PoliticsTwo important developments emerged from the first set of negotiations between the Greek government... different tax scales, one for salary-earners and pensioners and another for self-employed. Currently... agreed with the mission chiefs on Tuesday to extend the exclusion of primary residence, consumer
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Waiting for Eurogroup outcome, ND and SYRIZA focus on economic interventions
PoliticsGreek Politicsto provide a combination of loans for businesses and employment support. One of the issues... happens on Tuesday, the government looks set to submit a request to the European institutions in the coming days for the primary residence protection scheme, which was due to expire at the end of April
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Mitsotakis prepares to meet Erdogan as Greek ties with Russia collapse
PoliticsForeign PolicyAgainst the backdrop of the war in Ukraine, Prime Minister Kyriakos Mitsotakis is set to meet... invited Mitsotakis for lunch at the presidential residence in Istanbul and most likely in the presence... sovereignty of any country and possible change of borders. The comments were made with one eye on Ankara
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Newsletter 381 - 19/05/2023
, such as suspending primary residence auctions and lowering VAT, before new elections would be called. However... that this was one of the motivations behind forming a government of special purpose. The opposition immediately... in terms of percentage-to-GDP it is one of the highest in the globe, although the rise of nominal GDP
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Androulakis presents vision for fairer Greece in response to PM’s tax cuts
PoliticsGreek Politicsis pitching his vision for a fairer Greece than the one voters have seen evolve under the six-year... on ENFIA for the first 100 square metres of their primary residence. Excess profits from energy..., a minimum wage set by social partners, and tax and insurance perks for companies that embed employee
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Are Independent Greeks and SYRIZA set to become odd bedfellows?
PoliticsGreek PoliticsCould what once seemed impossible be about to happen? Are we set to see SYRIZA and the Independent Greeks, two parties on opposite sides of the political spectrum, agree an official cooperation... with one that espouses nationalist views is still a taboo for Greek politics. There are also substantial
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What the latest set of prior actions mean for home foreclosures
Economyaccelerate the judicial process and reduce costs. One of the provisions relates to home foreclosures... and not to the “objective” price set by tax authorities and which is currently applied. Objective prices have not been
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