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  1. World Bank sets out savings Greece can make from streamlining welfare benefits
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    -out. The report highlights that although Greece spends more on social protection than the EU average... of the population receiving either zero or very insufficient transfers. The World Bank examined more than...) in 2015. The breakdown shows almost half (more than 800 million) relate to family and child benefits

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  2. Revenues beat target for second straight month in Oct with 739 mln over-performance

    EconomyMacroeconomy

    figure 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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  3. Fiscal Council optimistic on 2016 target, sees next year’s goals as feasible
    By Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    lower 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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  4. Central government debt drops to 323.7 bln in Q3 on bond repayments
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    and 16.67 years respectively. The debt breakdown by residual maturity revealed long-term (more than 5 years) debt made up more than 80 percent of total, while short-term (up to 1 year) and medium-term (1... than 1 billion QoQ in Q2, Greece’s cash deposits edged down to 3 billion in Q3 from 3.17 billion

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  5. Tsakalotos states case for debt relief as New Democracy sharpens up
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    with 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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  6. Report shows Greek tax burden increased in 2015, remaining above OECD average
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    percent 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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  7. The key elements of the draft agreement between Greece and lenders
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    a 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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  8. Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent
    Photo by MacroPolis

    EconomyMacroeconomy

    for 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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  9. What Greece’s draft agreement with lenders foresees on labour and pension reforms
    Photo by Panayiotis Tzamaros

    EconomyProgramme

    more 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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  10. Athens sees flexibility on fiscal targets, singles out IMF over role
    Photo by Panayiotis Tzamaros

    PoliticsGreek Politics

    agreeing new measures to reach the 3.5 percent primary surplus rather than pressuring the eurozone to go... on the issue of labour reforms than the IMF. On Monday, Dijsselbloem suggested that any agreement... than the one it would have wanted, New Democracy wasted no time in accusing Tsipras of being poised

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