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  1. Greece forced to revisit prickly subject of pension spending to conclude review
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    pension, which is a fixed amount set at 384 euros for 20 years of contributions, and the contributory... eliminated. This would correspond to 15–20 percent cut in the existing main pensions on average

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  2. ESM takes stock of Greece's sovereign vulnerability
    Photo by MacroPolis

    EconomyProgramme

    , loss of competitiveness and external imbalances. The assessment made by the ESM is based on a set... the 25 percent worst-performers are assigned the score 1 (most vulnerable). To identify the cut-off

    16%

  3. Tsipras clears hurdle but isn't over finishing line
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    , but he now finds himself having to cut it by around 3,000 euros to around 5,600 euros. Tsipras had..., is cushioned to some extent by the agreement between Athens and the creditors for a set

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  4. Court ruling on pension cuts more political problem than legal obstacle for govt
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    on Human Rights. Some reports suggested that the judges had deemed the cut to also run contrary... decision falls into a grey area. The precedent set during similar situations in previous years means

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  5. EC recommends symbolic closure of deficit procedure as Athens mulls bond issue
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    percent threshold set out in the Stability and Growth Pact. Brussels went on to note that Athens... a decision on the Greek programme on July 20, which is seen as a cut-off point if Athens is to tap

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  6. Mitsotakis pledges tax cuts and reforms, hopes for lower fiscal targets
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    It was New Democracy leader Kyriakos Mitsotakis’s turn to step into the spotlight at the Thessaloniki International Fair (TIF) last weekend and set out his proposals, which included lower taxes... percent, cut ENFIA property tax by 30 percent over two years (a pledge he first made last year

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  7. Newsletter 132

    Newsletters

    at the Thessaloniki International Fair (TIF) to set out some of his policy ideas. He said that his... be made for 10 years. He also pledged to reduce corporate tax from 29 percent to 20 percent, cut

    16%

  8. Athens braces for review headwinds due to IMF demands, Berlin changes
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    suggested that Wolfgang Schaeuble is set to leave the position, with an FDP politician, possibly party... to be implemented in 2019, rather than 2020. This is also the year that pensions have to be cut by 1

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  9. Final budget sees strong growth, fiscal overperformance in 2018
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Stability Mechanism programme is set to be completed in August next year. According to the documents... billion euros next year from 12.22 billion in 2017, social spending will be cut substantially, from

    16%

  10. Newsletter 141

    Newsletters

    will be cut from 21.04 billion this year to 19.44 billion. Operating expenses will also be reduced. Interest... spending will stay stable at 6.75 billion. The pace of privatisations is set to intensify with completed

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