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  1. Final decision on 2019 fiscal measures still a few weeks away
    Photo by Andrea Bonetti/Fosphotos

    EconomyProgramme

    The first step in the process of deciding whether Greece will have to implement next year fiscal measures worth 1 or 2 percent of GDP is due to be taken on Friday, with the International Monetary..., according to most forecasts, to expand by at least 2 percent. The institutions, though, will want

    9%

  2. New overdue taxes jump by 2.01 bln in Feb, total stock climbs to 101.12 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s new tax debt jumped by over 2 billion euros in February, growing sharply from an increase of 766 million euros in January, data from the Independent Authority of Public Revenues (IAPR... rose by 2 billion.. New unpaid obligations from tax categories rose by 1.91 billion, overturning

    9%

  3. Travel balance slumps to deficit of 6.9 mln in Feb as payments outpace receipts
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    million. The breakdown of the inbound traveller flows showed that German visitors fell by 2 percent, while... those from the UK fell by 2 percent. Among non-EU countries, receipts from Russian visitors fell

    9%

  4. 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

    9%

  5. 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

    9%

  6. 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

    9%

  7. 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

    9%

  8. Eurogroup marks end of cycle and squaring of circle for Greece
    Photo via Fosphotos

    Agora

    a debt buy-back in the end of 2012. A margin of 2 percent was foreseen from 2017 onwards. This margin... privatisations (expected at 2 billion in 2018 and over 1 billion in 2019) set the current cash buffer plan at 18

    9%

  9. 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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  10. May current account shows surplus of 191.5 million as underlying indicators improve
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    arrivals. The primary income balance rose by 2 percent to 797.1 million, while the secondary income..., stemming largely from an 2 billion-euro drop in residents' holdings of foreign bonds and T-Bills. A net

    9%