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Budget exudes fiscal stability, but hints at political complications
EconomyMacroeconomyLast week’s five-day debate on the 2025 budget concluded on Sunday without any complications for the government, and the economic plan is certainly in line with the Greek authorities’ narrative that stabilising the economy is one of the current administ...
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S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades
EconomyS&P on Friday reaffirmed Greece’s sovereign credit rating at ‘BBB’ with a stable outlook, citing confidence in the country’s fiscal discipline, solid economic growth, and an improving banking sector. In April, S&P was among the agencies that advanced Gr...
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Challenges mount for Tsipras as pension reform leads into make or break period
PoliticsGreek Politicstrailing New Democracy by 3.3 percentage points (21.3 vs 18 percent), while a Metron Analysis survey for Parapolitika weekly put the conservatives comfortably even further ahead of the leftists (23.6.... The greater concern for the government must be that the proposals it has put forward seek to keep reductions
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Newsletter 414 - 01/03/2024
the question of whether Kasselakis can continue as leader seems to have been put to bed for the time being...' families in the days leading up to the anniversary of the crash put pressure on the government... of such a development are emerging. An upset in this summer’s vote might change the political landscape and put New
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General govt primary cash surplus expands to 3.3 bln at end-June, arrears rise to 7.2 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus expanded considerably to 3.33 billion euros in the first half of 2016 from just 245 million in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Thursday. The subst...
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Unpaid taxes keep rising, tax audits short of targets
EconomyMacroeconomyGreece’s unpaid taxes rose by 873 million in May at a slightly accelerating pace compared to the 763 million recorded in April, according to data provided by the General Secretariat of Information Systems. Following May’s performance, the year to date figure of new unpaid tax obligations stands
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Unpaid taxes rose by 1 bln a month in H1 2014, collection targets missed
EconomyMacroeconomyThe rate of increase in Greece’s unpaid taxes accelerated to 1.03 billion euros in June from 873 million in May and 763 million in April, according to data provided by the General Secretariat of Information Systems, which also revealed that most tax collection targets are being missed. The June
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Primary cash surplus widens to 2.85 bln in Q1
EconomyMacroeconomyGreece’s central government primary cash balance improved to 2.85 billion euros in the first quarter (Q1) of 2016 from 1.19 billion last year, Bank of Greece (BoG) figures showed on Wednesday. In March, the primary cash surplus widened by 11.1 percent to 763 million from 687 million
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Newsletter 121 - 02/06/2017
is almost attributed to corporate sector net additions of 763 million outpacing household lending deductions
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Budget primary surplus at 4.66 bln in 11-month as expenditure falls, revenues rise
EconomyMacroeconomyof 763 million euros, landing above target by 1.58 billion euros. Revenues Gross revenues edged down
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