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  1. Moscovici hints at possibility of shelving 2019 pension cuts, riles opposition
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    to implement the cuts, which aim to reduce pension spending by 1 percent of GDP, might be realised. Moscovici... and reducing the tax-free threshold in 2020 so that another 1 percent of GDP (roughly 1.8 billion euros

    3%

  2. Newsletter 169 -06/07/2018

    Newsletters

    of not having to implement the cuts, which aim to reduce pension spending by 1 percent of GDP, might... by 2020 and a marginal deficit of 0.1 percent of GDP in 2019. Prices will grow on average by 1

    3%

  3. Delay to final tranche over island VAT as lenders quash talk of pension cut reversal
    Photo by Sebastien Bertrand via Flickr https://flic.kr/p/7ZRenG

    EconomyProgramme

    also had to commit that the VAT rate will be raised from January 1, 2019 on Chios, Kos, Leros, Lesvos... to reduce pension spending by 1 percent of GDP or whether it will be able to avoid the cuts, a number

    3%

  4. For better or worse: Greece's bailout exit deja vu
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    of pensions spending by 1 percent of GDP and collecting more revenues, also worth 1 percent of GDP

    3%

  5. IMF voices concerns over long-term debt, sees more relief being needed
    Photo by Andrea Bonetti/Fosphotos

    EconomyProgramme

    -term growth cannot exceed 1 percent, and even those assumptions can only be achieved if Greece..., which brings real growth that exceeds 1 percent. In the IMF’s baseline scenerio, although debt-to-GDP

    3%

  6. Building permits up by 4.4 pct in May and 5.3 pct in first five months
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits rose by 4.4 percent in May following a rise of 1 percent in April, Hellenic Statistical Authority (ELSTAT) data released on Friday showed. The latest monthly headline figure marks... drop of 1 percent, improving against the drop of 2.4 percent in 2016. The latest confidence indicator

    3%

  7. Central government debt rises to 345.38 billion in Q2
    Photo by MacroPolis

    EconomyMacroeconomy

    (up to 1 year) and medium-term (1 to 5 years) debt accounted for 13.2 and 10.8 percent of the total

    3%

  8. Focus turns to first post-MoU visit by creditors and talks on pension cuts
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    that cutting pension expenditure by 1 percent of GDP is not necessary in fiscal or structural terms... by October 1 before the economic plan is handed over to the European Commission on October 15 as part

    3%

  9. Recent study issues warning over ageing population, future pension burden
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    today to 1.4 million under an optimistic scenario and 1 million in an adverse scenario, by 2050... to retirees is 1.3 workers to 1 pensioner, with 3.6 million workers paying contributions to the pensions

    3%

  10. Athens eyes cancellation of pension cuts as Tsipras prepares Thessaloniki package
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    The Greek government has given its clearest indication yet that it does not intend to implement the 1 percent of GDP in pension cuts due next year. Ahead of the first meeting of Alexis Tsipras’s new... on September 10. The main proposals for tax cuts are: 1. A reduction in the basic tax rate from 22 percent

    3%