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World Bank sets out savings Greece can make from streamlining welfare benefits
EconomyProgramme-out. The report highlights that although Greece spends more on social protection than the EU average... of the population receiving either zero or very insufficient transfers. The World Bank examined more than...) in 2015. The breakdown shows almost half (more than 800 million) relate to family and child benefits
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Revenues beat target for second straight month in Oct with 739 mln over-performance
EconomyMacroeconomyfigure at 268 million, 96 million lower than the target, while the 10-month figure fell short... better than the target. The revenue over-performance in October supports the government’s key counter... chiefs, Finance Ministry sources noted that the higher than targeted revenues not only guarantee
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Tsipras freshens up cabinet, looking for balance with party and lenders
PoliticsGreek Politicsthe government, with another 11 leaving office. The cabinet is also slightly larger than the last one, which had..., Nikos Fylis, who refused any other position than Education Minister, which he had held since September... ministries involved seem an attempt to get the talks over the line rather than to hamper them. None
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Fiscal Council optimistic on 2016 target, sees next year’s goals as feasible
EconomyMacroeconomylower than last year. This corresponds to a drop in revenues of more than 7.8 percent in Q4 compared... Council notes that consensus estimates point to GDP rebound of more than 2 percent compared to the Finance
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What could Trump's victory mean for Greece?
AgoraKoumoutsakos said the wise thing would be to wait to see Trump’s policies rather than react to his..., with a sense of abandon rather than fear, “if it can happen in America, then why not here... the threat posed by those who challenged the status quo rather than making the effort to tackle
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Newsletter 96 - 18/11/2016
for Greece and a relaxation of austerity would have any greater impact than boosting morale in the Greek... on Thursday. Athens, though, did not give up its hope that it may be able to push for something more than... outperformance by more than 800 million for the second straight month. The primary surplus for the 10-month
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Central government debt drops to 323.7 bln in Q3 on bond repayments
EconomyMacroeconomyand 16.67 years respectively. The debt breakdown by residual maturity revealed long-term (more than 5 years) debt made up more than 80 percent of total, while short-term (up to 1 year) and medium-term (1... than 1 billion QoQ in Q2, Greece’s cash deposits edged down to 3 billion in Q3 from 3.17 billion
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Tsakalotos states case for debt relief as New Democracy sharpens up
PoliticsGreek Politicswith creditors that will consist of more than just short-term measures. “I don’t think it would be enough, it will be more than I initially estimated, but not enough to unleash the virtuous circle,” he... targets rather than the other way around. “If the fiscal targets are going to be discussed first
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Report shows Greek tax burden increased in 2015, remaining above OECD average
EconomyMacroeconomypercent of GDP higher than the OECD average figure of 34.2 percent. The highest tax to GDP ratio in 2015... security contributions to total taxes of 28.7 percent in Greece are also higher than the average... percent of total taxation much higher than the OECD average ratio of 30.5 percent. However, VAT stood
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The key elements of the draft agreement between Greece and lenders
EconomyProgrammea period of 30 days is set to at least 10 in companies employing more than 20 and less than 100 workers... 30 for enterprises employing more than 300 workers. The same directive notes that over a period
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