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What in the world will we do without barbarians?
Agoramarked procrastination in a number of other fronts - Greece’s coalition set up a parliamentary committee... disappeared and the overall budget deficit shot up to 5.7 percent of GDP. Primary expenditure... percent of GDP to 49 percent in 2009, while revenues failed to keep up in spite of the economic boom
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Newsletter 44 - 25/09/2015
facing Greece. Beyond ensuring his cabinet can keep up with the pace set by the creditors... test up to a high single-digit figure could be fully covered by existing or new private investors under a best-case scenario. This scenario assumes total capital needs of up to 15 billion euros, almost
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Newsletter 51 - 12/11/2015
Bank for Reconstruction and Development has approved an investment of up to 80 million. At the same... that the bank would cover the baseline capital needs of 2.21 billion, while Piraeus will seek state aid up... to the scheme allowing tax debtors to pay in up to 100 instalments, equivalent fiscal measures
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Eurogroup grants short-term debt relief but leaves Athens fretting over fiscal targets and IMF
EconomyProgrammeother key issues. While the agreement on debt relief wraps up one loose end for the government... of the EFSF repayment profile within the current weighted average maturity of up to 32.5 years; the waiver of the step-up interest rate margin amounting to 200 bps related to the debt buy-back
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Mitsotakis pledges tax cuts and reforms, hopes for lower fiscal targets
PoliticsGreek Politicsdeclarations to 25,000 euros and to introduce an initial tax rate of 9 percent for anyone earning up... be able to bypass the process to speed matters up. Much of Mitsotakis’s speech and press conference... of the Greek Constitution to be changed. Mitsotakis also spoke of setting up prototype schools in each region
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EU disunity on refugees and its poisonous effects
Agoraissue was ratcheted up before the European Council, when its president, Donald Tusk, floated the idea of scrapping the quota system, suggesting that it is not working and that it is up to member states, rather than the EU, to come up with solutions. The proposals were treated as an affront
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Travel balance for nine-month period shows surplus of 11.57 bln
EconomyMacroeconomyfell by 4.8 percent to 74 million. Foreign visitors were up by 8 percent year-on-year, which manifested... was up by 69 euros, though the average length per trip was more or less unchanged at seven nights... accounted for 4.9 percent of all travel and generated 642.2 million euros in revenue, up by 3.8 percent
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Newsletter 152 -23/02/2018
tranche of 5.7 billion euros and highlighted two prior actions out of the 110 that made up the third... since been completed. The task that is now left, and which the institutions will follow up on next week... Mechanism head Klaus Regling. The 5.7-billion-euro tranche will later be followed up by another 1 billion
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Less than 10 pct of 99.97 bln overdue taxes deemed collectible by authorities
EconomyMacroeconomyeuros and under. Of the 4.2 million taxpayers with debts outstanding, around 525,000 owed up to 10 euros... of debtors (40,514 taxpayers) owe more than 100,000 euros, with the total making up 89.2 percent... is made up of some 458,000 debtors, or 11.3 percent of all debtors, who owe between 5,000 and 100,000
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Newsletter 158 -20/04/2018
challenge. The pressure on the coalition has been ramped up by a series of events, including the death last... inability to find a way to prevent the escalation of tension has opened up the coalition to increasing... consequences. 2 Industrial turnover up by 3.1 pct in February Twelve-month trailing index grows by 9.6
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