Search
-
Govt offers pensioners 1.4 bln in backpay, opposition questions decision
PoliticsGreek Politicsthe measure compulsory in line with stricter hygiene measures coming into force for enclosed spaces... to limit backpay awards to just main pensions has provoked fierce criticism from the opposition, and has prompted experts to warn of fresh legal challenges. In his announcement, which was delayed
6% -
Budget passed as govt pins hopes on vaccine rollout to get economy on track
PoliticsGreek Politicscompensated by the state. According to reports, the measure will cover around 200,000 businesses. During his... argued that although the EU has not adopted sanctions against Ankara, pressure on Greece’s neighbour...) and stressed that “a threat will linger” until 60 pct of the population has received the vaccine. Health
6% -
Newsletter 306 - 23/07/2021
on a last-minute amendment allowing the measure to be extended to other professions through ministerial... has dropped by almost decade in the last three weeks, from 32 to 24 years. The surge in infections... fuelled concern in the tourism sector that this summer will be another damp squib. This fear has also
6% -
Unpopular tax bill set to become law despite objections
PoliticsGreek Politicsof a minimum tax regardless of declared income is a regressive measure which demonstrates... to blunt tools rather than using the technology available to pinpoint evasion. The legislation has... will be able to rely on its 8-seat majority to pass the legislation, which Mitsotakis has presented
6% -
Newsletter 102 - 13/01/2017
. There has been no official statement on the measures that Athens is considering, but reports have... out-of-court workout provisions Overdue VAT and social security payments to be excluded from measure... by 8,200 Over the last twelve months, the unemployment rate has fallen by 1.5 percentage points
6% -
Greek debt management agency sees Eurogroup debt deal favourably
EconomyProgrammethat Greece’s debt now has a comprehensive package of debt relief measures that were nationally formulated... measures, which the ESM has already implemented, and medium-term debt relief measures recently agreed... path. Debt to GDP in 2032 will now be at 128 percent, from 134 percent previously. A key measure
6% -
Tsipras defends compromise, appears optimistic on concluding review
PoliticsGreek Politicsbefore him, and other government officials before that, Tsipras insisted that the coalition has... in once the fiscal targets have been met. This is a point that the government has, presumably... of GDP over a period of 10 years. At this stage, Tsipras gives the impression that he has taken
6% -
Greece gets bigger tranche from Eurogroup but Tsipras misses other key targets
PoliticsGreek Politicsweeks but given that the eurozone has no intention of implementing any measures until after August next... for this measure from the country’s parliament. A new inclusion, though, was a reference to the French... does not consider the eurozone has made enough progress to make Greece’s debt sustainable, Athens
6% -
Unemployment at new high of 28 pct in Nov, jobless up by 169 pct in four years
EconomyMacroeconomy. The number of employed has posted a 20.6 percent drop compared to November 2009, when the crisis... the previous month figure. Over the past four years the number of unemployed has surged 169 percent... after recording a temporary decline in August. Greece currently has 3.55 million employed people
6% -
After paying IMF, Greece looks to cover remaining funding needs for March and April
EconomyProgrammeΤhe government has covered a large part of its funding needs for March, which mainly comprised..., the government still has to cover financing needs of 1.5 billion euros in March and more than 2 billion... on Thursday night, the Greek leader reportedly said his government has enough cash to meet obligations
6%