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  1. Newsletter 284 - 12/02/2021

    Newsletters

    be in place until the end of February, but given that the last lockdown began in November and has... Easter. The prime minister expressed his confidence in the vaccination programme, which has been.... The cost in March for this measure is 70 million euros. · The reduced VAT rates on coffee and non-alcoholic

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  2. Fiscal dispute dominates as Greece and lenders gear up for more talks
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    for the upfront legislation of new fiscal measures. The government has refused to pass new measures now... on December 8 that the fiscal gap for 2017 has almost been eliminated, as was also confirmed by the December... as a parametric measure that would reduce this gap. However, the key difference involves the IMF, which

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  3. Greece searches for balanced deal as talks get underway in Athens
    Photo by George Vitsaras/Fosphotos

    PoliticsGreek Politics

    being cut by 14 percent on average, producing savings of 1.4 billion euros. The other measure... that the response from MPs and SYRIZA members to proposals about the reduction of a number of VAT rates has... level agreement has been reached with the lenders, the fiscal path for the coming years, as well as debt

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  4. Stournaras in firing line for arguing Greeks can pay more taxes
    en_GB Photo by Harry van Versendaal

    PoliticsGreek Politics

    with the troika are pending, the 2014 budget has yet to be passed through Parliament and there is still... to a eurozone average of 25.7 percent. In this respect, Stournaras has a point: Overall revenues... that will incorporate an emergency levy introduced in 2011, which was only meant to be a temporary measure

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  5. Greeks most sceptical in EU about country's future, their voice counting in Europe
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    is taking and the Irish the most positive, a European Parliament survey has found. Only a paltry five... Eurobarometer of the European Parliament . In the report, which set out to measure citizens’ attitudes... had the lowest rate of all member states. As regards the question whether EU membership has been

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  6. Multi-bill on way as Athens aims to complete third review by Jan 22
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    of members to call a strike, rather than a third as is the case now. However, this has not yet been confirmed, and the coalition may choose to submit this measure, which has proved politically... similar auction in December. Once the third review has been settled, focus will also turn

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  7. Clearer roadmap for completion of third programme emerging
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    in the informal Eurogroup in Sofia on April 26th. The briefing reaffirmed that the timeline ahead has two more... that there is no set date for the start of the programme which the IMF has approved on principle... responded that the Fund is in favour of any measure that reduces a country’s debt. The country’s exit

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  8. VAT revenues up in 2016 but rate hikes fail to close gap of 29 pct
    Photo by MacroPolis

    EconomyFeatures

    The European Commission's VAT Gap report has revealed that high rates of VAT in Greece appear... percent or 5.9 billion euros. The figures are based on data from 2016. The VAT gap is a measure... in Greece has remained consistently high over the last few years. It stood at 30 percent in 2012

    6%

  9. Pensions spending stable but early retirees burden system
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . The government has been gradually phasing out the EKAS grant. In December’s bulletin, the number.... The government is under pressure to carry out a further one percent of GDP cuts in 2019, but argues that it has the fiscal space to forgo this measure. The 2019 budget submitted to the European Commission

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  10. Second post-MoU review hinges on NPL plan and protection for primary residences
    Photo by MacroPolis

    EconomyProgramme

    An uncomfortable Euro Working Group meeting last week has left Athens with much to do in the coming... about the fiscal impact of the measure but were annoyed by the fact that the government had pledged... if its decision has retroactive effect and, if so, it should apply from 2012. NPLs & Katseli law

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