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  1. Greece’s unstable and confusing tax system failing to deliver results
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of any OECD country, with tax evasion estimated at between 2 to 5 percent of GDP per year according.... The equivalent in the UK is 5 percent, and in Germany just 2 percent. Greece’s problematic tax

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  2. Newsletter 160 -04/05/2018

    Newsletters

    . The OECD sees economic growth of 2 percent this year and 2.3 percent in 2019, below the Greek government... lift it above the poverty threshold. 2 Deposits grow by 1.14 bln in March Total deposit include

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  3. Athens and creditors place immediate focus on remaining key deliverables
    By Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    and structural reforms; (2) a clearer view of financing beyond the Third Programme (3) material... to some combination of: (1) a lack of cooperation between Greece and its institutional creditors; (2

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  4. Lower yields for short- and long-term borrowing boost Athens
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    There was a promising start to May for Greece’s debt management agency (PDMA) as interest in its T-Bills rose and borrowing costs dropped in the two issues it auctioned successfully on May 2 and May... a declining path. The cost of borrowing for the 6-month bills had dropped to 2 percent at the end

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  5. Fiscal Council endorses fiscal and macro assumptions but warns of potential obstacles

    EconomyMacroeconomy

    debt sustainable. The MTFS revises the initial growth estimate for 2018 to 2 percent, from 2.3 percent... growth of 2 percent during the period is not just an optimistic forecast. As result, the Council makes

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  6. The first cut is the deepest? Greek pension reforms in context

    EconomyFeatures

    to limit the rise of pension expenditure to 2 percent of GDP over the long term (2010-2060). It raised... the top 2 percent of pensioners actually experienced cuts of 40 percent or more. Since 2013, detailed

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  7. Despite debt deal likely falling short, IMF to retain a role in Greece
    Photo by World Bank via Flickr https://flic.kr/p/bPr6Y6

    EconomyProgramme

    Germany is thought to be comfortable with) but will be reduced by 2 years for each 5 billion euros... on Thursday. It is expected that Greece’s primary surplus target will fall to around 2 percent of GDP

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  8. EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
    Photo by Stuart Chalmers via Flickr https://flic.kr/p/49JB98

    EconomyProgramme

    into a 3 percent long-term nominal growth rate, on the assumption that inflation will reach 2 percent... used in 2015 will be recovered, noting that 2 billion euros were already repaid in February last year

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  9. Newsletter 168 -29/06/2018

    Newsletters

    growth rate, assuming that inflation will reach 2 percent in 2023 and remain at the that level.... 2 May budget primary surplus at 1.53 bln Confirmed figure beats the target by 1.35 bln The budget

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  10. Newsletter 170 -13/07/2018

    Newsletters

    ,” the Commission said. 2 Unemployment rate edges up to 20.2 pct in April Number of those employed dips along... by 1 percent in May, slowing from an upward revised increase of 2 percent in April, Hellenic

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