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  1. Greece agrees with troika, looks to tranche release and redistribution of surplus
    Photo by MacroPolis

    PoliticsGreek Politics

    euros will reportedly go towards reducing the country’s debt, 1 billion to reduce state arrears and 500 million will be given as a “social dividend.” The latter mainly involves one-off handouts to 1... contributions by 3.9 percentage points (2.9 for employers and 1 for employees), which will be effective

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  2. Greek travel receipts rise 9.1 pct in January as surplus doubles
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel receipts rose by 9.1 percent in January, after a modest increase of 1 percent..., up by 1 million compared to the 2014 figure, and direct tourism revenues above the 2014 level... Chairman Andreas Andreadis recently said that the euro’s drop against the US dollar to almost a 1:1

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  3. Greece and creditors eye compromise to move review along

    PoliticsGreek Politics

    of measures (1 percent of GDP from pensions, 1 percent from direct taxes and 1 percent... of the measures, particularly the 1 percent of GDP in extra fiscal interventions, and doubts... should resist demands from the IMF for the 1 percent of GDP in supplementary measures (which

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  4. Greece agrees package of measures with IMF, eurozone to seal review
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    as the pension cuts and reduction in the tax-free threshold yielding 1 percent of GDP each in 2019 and 2020... involve spending increases in 2019 and tax relief in 2020 to the tune of 1 percent of GDP each... to net pension savings of 1 percent of GDP in 2019 by extending the rules of last year’s pension

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  5. Take your seats

    Agora

    and the reduction of the top rate of VAT from 24 to 22 percent in 2021, with the lower rate dropping 1 percentage point from 13 percent to 12. He also pledged that 1 billion euros in backpay would be handed over..., not to be used from Day 1. If Greece starts tapping it straight away, it could have serious

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  6. General gov't primary cash surplus rises to 3.4 bln in Oct but arrears also growing

    EconomyMacroeconomy

    in the 10-month period, with the state budget figure at 2.03 billion, making up more than half of total. Last... funds' arrears rose by 141 million MoM to 2.47 billion making up half of total arrears. Hospitals’ arrears followed suit accounting for 18 percent of total. In absolute figures, they hiked to 904

    8%

  7. What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
    Photo by MacroPolis

    Economy

    of total ELA-eligible collaterals, at 45 and 30 percent of total respectively. Taking into account the breakdown of total collateral by type, the collateral poll is almost equally split between state..., the total figure stands at 115 billion. Assuming an average haircut of 40 percent, the nominal

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  8. Overdue social security debt reaches 30.5 bln in Q3 on consolidation of debtors

    EconomyMacroeconomy

    the total overdue stock of 30.53 billion, over two thirds (22.51 billion) related to main SSC debt... of the total unpaid contributions between Q4 2016 and Q1 2017 contributed to this increase. The breakdown... of 3.34 billion euros (10.9 percent of the total). Overall, 827,369 debtors fall into this category

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  9. New overdue tax debt comes to 104.8 bln in July, number of debtors jumps
    Photo by MacroPolis

    EconomyMacroeconomy

    for the same period last year by 17.7 percent. In June the total stood at 3.61 billion euros. New unpaid obligations from tax categories showed a rise of 284 million month-on-month in July, bringing the total.... The total number of tax debtors jumped by 269,155 month-on-month in July, rising after five consecutive

    8%

  10. Traditional sectors carry burden of job creation as unemployment levels fall
    Photo by MacroPolis

    EconomyMacroeconomy

    initiatives to stretch out a safety net below the labour market are included, the total came... the total over the period to 7 billion euros, from a combined spending package of 22.6 billion euros... of total employment, wholesale and retail jobs are over 17 pct of jobs and manufacturing is just shy

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