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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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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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Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent
EconomyMacroeconomyfor amounts over 1 million euros, where the interest rate climbed 97 bps to 4.91 percent and more than... was recorded in the rate for loan amounts less than 250,000 euros, while that for amounts between 250,000..., the corporate loan rates in Greece remain more than 300 bps above the eurozone average lending rates
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What Greece’s draft agreement with lenders foresees on labour and pension reforms
EconomyProgrammemore than 20 and less than 100 workers, at least 10 percent of the workforce for firms employing between 100 and 300 employees and at least 30 for enterprises employing more than 300 workers. The same
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Eurogroup leaves Greece snared between its creditors
Agorarather than implementing them now. The thinking went that this would allow its participation... did not want the current discussion to include anything more than short-term measures. Instead... than if the decisions on debt and fiscal targets had been more favourable for Greece. *You can follow
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