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  1. PBO sees normality returning, but inflation will have multifaceted effects

    EconomyMacroeconomy

    for lower transfers and 2.2 pct from higher handouts. The PBO describes this new growth path as more

    3%

  2. Newsletter 388 - 07/07/2023

    Newsletters

    one, 2.1 pct for lower transfers and 2.2 pct from higher handouts. The PBO describes this new growth

    3%

  3. New 15-yr issuance and bond switch smooth maturity profile further, although at steep yield

    EconomyMacroeconomy

    of offers had accumulated, which pushed the price guidance lower by 5 bps to midswaps + 125 bps. By 14:00

    3%

  4. VAT and income tax drive budget performance in Jun, interest bill above target by 741 mln
    Finance Ministry

    EconomyMacroeconomy

    billion, 571 million higher than the target. Excise tax revenues were 3.23 billion, 62 million lower

    3%

  5. Fires cast growing shadow as new shipwreck probe is announced
    Photo by MacroPolis

    PoliticsGreek Politics

    for their windfall profits. In the election campaign, New Democracy also promised lower social security

    3%

  6. Income tax, VAT help generate 3.56 bln budget surplus in July as interest expenses exceed 5 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    higher than the target. Excise tax revenues were 3.9 billion, 76 million lower the target. Property tax

    3%

  7. Insurgent campaign from Kasselakis puts shock SYRIZA leadership win in touching distance
    Photo by MacroPolis

    PoliticsGreek Politics

    these numbers are lower than those seen in recent New Democracy and PASOK leadership ballots

    3%

  8. Newsletter 394 - 22/09/2023

    Newsletters

    year, to roughly 7 billion euros. Although the oil deficit up to July was over 2 billion euros lower

    3%

  9. Budget overperformance in Aug fuelled by VAT and income tax, spending significantly contained
    Photo by MacroPolis

    EconomyMacroeconomy

    million lower the target. Property tax revenues amounted to 1.94 billion, 10 million above the target

    3%

  10. OECD outlines several areas where reforms could boost growth potential
    Photo via http://www.oecd.org/

    Economy

    of resolving disputes via out-of-court procedures. It also recommends lower entry barriers, with focus

    3%