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  1. ND defends plans for three-pillar pension system as SYRIZA looks for weak spot
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    the pension system. SYRIZA sees this as a potential weak link in the centre-right party’s programme and has... that once the reform has been carried out, only newcomers to the labour market would be included... measures that a New Democracy government would take. One is expanding the 120-instalment scheme

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  2. Fiscal targets and tax cuts on agenda as Staikouras meets Regling
    Photo via http://www.delphiforum.gr/

    PoliticsGreek Politics

    to sway the creditors remains to be seen. So far, there has been no indication from the European lenders that they are prepared to discuss a lowering of the fiscal target. The government, though, has... newspaper suggested that other measures New Democracy is considering pushing forward quickly to win over

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  3. ND lining up tax, development and labour legislation for autumn
    Photo by MacroPolis

    PoliticsGreek Politics

    measures in the coming months. To Vima reported on Sunday that the drafting of the second tax bill will be completed at the end of September, once the government has had a chance to present the 2020 draft... to mediate with the banks in the rescue of up to 170 companies at risk of bankruptcy. He has already

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  4. IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyProgramme

    government has made a promising start in its first months in office in unblocking certain reforms... income tax and has one of the largest VAT compliance gaps. Regarding spending allocation, pensions... and spending measures announced by the government. The shortfall is reportedly seen at around 1 billion

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  5. QE arrives for Greece
    Photo by MacroPolis

    Agora

    , the advent of the coronavirus has triggered. The emerging reality around us beats our wildest..., this institutional impediment has dissolved in no time as the virus is spreading across Greece and Europe...These are extraordinary times. As the saying goes, they also require extraordinary measures

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  6. BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects
    Photo by MacroPolis

    Economy

    recent forecast of 2.4 pct growth has become obsolete so quickly. BoG notes that any estimates... instability. The turbulence in global financial markets has a ripple effect on financing conditions... to suffer, with consumer confidence shaken and the preventative measures of the authorities that restrict

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  7. EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
    Photo by MacroPolis

    Economy

    of the virus, this has come at a high cost for the economy, which has to contend with a very volatile... consumption, albeit partially offset by fiscal measures to cushion the impact on consumer spending... in terms of fiscal measures, and 1.9 pct to improve liquidity for the private business sector

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  8. First challenges for tourism plan, as public relaxes approach to virus
    Athens Airport metro

    PoliticsGreek Politics

    , which has discouraged local tour operators from offering travel packages. Out of the top customer countries for Greek tourism, only Germany, Greece’s biggest market, has several airports not designated... about Covid-19. The survey found that while most respondents claimed to be aware of the measures

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  9. OECD sees economy shrinking by 8 to 9.8 pct, depending on whether virus returns
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    that “while Greece has contained the pandemic effectively, the negative impact on tourism, investment... for the government and banks. The organisation also refers to the fact that the crisis has highlighted... percent in Q1 with the strictest lockdown measures in place from mid-March through to early May

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  10. Higher Covid-19 numbers spark concern as tourism sees little benefit from visitor arrivals
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    is that the roughly 20 billion euros the government has set aside so far in the form of support measures..., following 41 new cases on Saturday, confirming that there has been a steady increase in numbers..., this could lead to the introduction of new across-the-board measures, such as the compulsory use of masks

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