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  1. Asking Greece to stack more austerity measures ignores past failings
    Photo by Harry van Versendaal

    Agora

    was too late to act, it submitted a budget that intended to cut the deficit by 3.6 percentage points... were going out of the window. Off track But 2010 set the tempo and the policy of “stacking” more

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  2. A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors

    EconomyProgramme

    Although Greece and its lenders are continuing to debate how to set up an extra 2 percent of GDP in fiscal measures so they are on standby if primary surplus targets are missed next year or in 2018... percentage point and a cut in the dividend paid to public sector pensioners. The Labour Ministry claims

    16%

  3. Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP

    EconomyProgramme

    , the tax-free threshold for families with two children is set at 9,090 euros. It remains unchanged...) are reportedly envisaged from a series of measures including: Cut in military expenditure and state

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  4. Determined talk from Tsipras as negotiations with lenders move closer

    PoliticsGreek Politics

    In his first printed press interview for several weeks, Prime Minister Alexis Tsipras appears to have raised the stakes ahead of negotiations with the country’s lenders resuming. In clear-cut... for Tsipras to set out measures aimed at lifting the mood and giving the impression that the tide

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  5. Greece's harsh social reality

    Agora

    severely cut, taxation kept increasing and disposable incomes were abruptly reduced. Large parts... current income is compared to the poverty threshold set in 2005. When measured that way

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  6. Greek government faces hard labour dilemma
    Photo by MacroPolis

    PoliticsGreek Politics

    In the 14 months since signing Greece’s third bailout, Prime Minister Alexis Tsipras has stuck to a punishing schedule of unpopular changes. Taxes are higher, pensions were cut while contributions... Monetary Fund. It would see unions and employers resume negotiated agreements to set the minimum wage

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  7. Newsletter 98 - 02/12/2016

    Newsletters

    of Greece (BoG) said in a report on Wednesday. NPEs are estimated to be cut by 37.6 percent from 106.9..., it is a set of events that cannot be dismissed out of hand. However, it continues to appear the least

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  8. Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall

    EconomyMacroeconomy

    . Overall, Eurosystem funding has been cut by more than 58 billion in the last seventeen months, also... set the ELA ceiling for Greek banks at 50.7 billion on December 8, which stands 40.3 billion lower

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  9. Why can't Greece be more like Cyprus?
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    flocking to Cyprus, reportedly in their thousands, to set up shop. There can be no doubt that the tax... of who is in power in Greece, the prospect of finding 400 million euros or more to cut from the budget

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  10. In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    . It concluded that Greek banks have capital buffers to withstand even more aggressive cut in their NPE... banks are set to retain high capital ratios even under the worst-case scenario. In addition, their high

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