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Fiscal Council endorses fiscal and macro assumptions but warns of potential obstacles
EconomyMacroeconomythe taxpayer fatigue that has been observed over the last years without risking the revenue goals... on year that the Council notes is the highest since 2008. Whether the economy has enough momentum... factor and the average annual growth of 1.1 percent envisaged in the latest MFTS has an element
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Coalition hails multi-bill as start of clean break, opposition sees more of the same
PoliticsGreek PoliticsGreeks (ANEL) are promoting the multi-bill as the last package of legislation Greece’s Parliament has... the stage once the fourth review has been completed and an agreement has been reached... reductions and increases to welfare spending. The coalition has also not given up
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After reaching name settlement, Skopje and Athens face more hurdles to ratify deal
PoliticsForeign Policywith a national Greek line that has been in place for almost 20 years and demanded that Skopje accept a composite... has never been accepted before by other governments in Skopje. The Greek government believes... also believes that it has achieved a major diplomatic success by getting FYROM to agree to change
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After signing name deal, Athens and Skopje face several more steps
PoliticsForeign PolicyAthens has already composed the letter to NATO Secretary General Jens Stoltenberg, which... on Wednesday. Zaev has chosen to follow an emergency, the same that the country’s Parliament usually... on Friday. The country's president, Gjorge Ivanov, has rejected the agreement and is not expected
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Income and living conditions survey shows persisting inequality
SocietyThe Hellenic Statistical Authority’s (ELSTAT) 2017 Income and Living Conditions survey has shed... deprivation has declined by 1.3 percentage points (pps) compared to the high of 22.4 percent registered in the 2016 survey. Material deprivation As ELSTAT notes, from 2009 onwards, material deprivation has
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Eurosystem funding falls by 716 mln in May
EconomyMacroeconomy) monthly financial statement has revealed. The fall across the month brought central bank funding to 20.87... of the year, Eurosystem funding has fallen by approximately 12.80 billion. The decline was led by a fall... funding fell in May after having risen for two consecutive months. In recent months, ELA funding has been
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No bounce for Tsipras in poll as cracks appear in centre-left
PoliticsGreek PoliticsJuncker during his recent visit to Athens, before obtaining the creditors’ approval. The measure has..., which has been severely tested because of the overcrowding at hotspots for migrants and what local.... Theodorakis insisted that he has no intention of offering himself as a new coalition partner for Tsipras
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New overdue taxes rise by 610 mln in May, total stock remains above 100 bln for fourth month
EconomyMacroeconomymillion, data from the Independent Authority of Public Revenues (IAPR) has shown. The aggregate figure... the total number of tax debtors has stayed under 4 million. The total for legacy tax arrears (i.e.... entirely driven by an increase in new debt. Total debt has remained above the 100-billion mark for four
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Saving Angela Merkel with the help of Alexis Tsipras
Agora. As has been argued by some in the past (including the author of this piece), Greece and Germany both... relationship Tsipras has established with Merkel since leaving behind him the confrontational approach he... are the ones that have to pay the highest price. It has become ever more apparent that they are citizens
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Eurosystem funding falls by 4.56 bln in June to 16.31 bln
EconomyMacroeconomy-on-month (MoM), the Bank of Greece's (BoG) monthly financial statement has revealed. In May, the MoM... January, when funding fell by 4.58 billion MoM. Since the start of the year, Eurosystem funding has..., ELA funding has been steadily falling, with the latest reduction coming on July 12, when the ECB
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