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  1. Fight against tax evasion yields results, reveals challenges

    Society

    a shadow economy that is equivalent to more than a fifth of its GDP. It is sometimes claimed... of arrests for unpaid debts and suspected tax evasion. In 2012, more than 800 Greeks were arrested... for tax evasion rather than when he or she is convicted. Similarly, a draft law prepared in June

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  2. October revenues reverse earlier shortfall, annual primary surplus in sight

    Economy

    , mainly owed to higher revenues more than offsetting a hike in interest payments and Public Investment... line. The consistent bottom-line outperformance - by more than 4 billion euros to October - continues... in unpaid taxes by more than 600 million per month and b) expenditure deferral, particularly regarding

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  3. Of symmetry and adjustments in the eurozone

    Agora

    a negative impact on the ability of households to generate demand, this would be more than compensated... because of Germany, of course) had a surplus of slightly more than 6 percent. Since... and Greece, and more than 40 percent in Italy. Fiscal consolidation in the periphery

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  4. Cyprus in 2014: Looking ahead
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    in 2014 if the bank that holds more than 50 percent of loans and deposits is severely exposed to ELA obligations. Most analysts seem to be optimistic about Cyprus due to the better than expected 2013 results, were GDP is expected to fall -5.5 to -6.5 percent rather than the expected -8.7 percent

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  5. Primary budget surplus in Nov at 1.2bln euros, 2013 target in reach

    Economy

    incorporating the better-than-expected revenue and expenditure performance in the 10-month period.... The 11-month underperformance reflects lower than targeted revenues by 1.46 billion, more than... in unpaid taxes by more than 600 million euros per month, peaking to 930 million in November and b

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  6. Greece in danger of repeating familiar mistakes with Golden Dawn
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    . In the 2009 national elections, Golden Dawn gained less than 0.3 percent of the vote. In June 2012, 6.9... in the political system, this time on solid rather than ramshackle foundations. There can be no room... counterweight to neofascist Golden Dawn. In this environment, right-wing extremism is enabled rather than

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  7. No victory, just plenty of misery

    Agora

    commentators that end up resembling cheerleaders rather than sober judges of the events that have unfolded... of 24 billion and a total deficit of more than 36 billion. On top of this derailment of public... mean having to wipe out a 24-billion-euro deficit and balance the budget in one fell swoop rather than

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  8. Another big drop for building activity, which fell by 35.3 pct in January
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    region (Athens, Piraeus and suburbs) stood at 25.4 percent, slightly lower than the country average... that is three times higher than the GDP contraction over the same period. Housing loans – indirectly related... of September 2013, which is more than 3.5 times higher than the end-2009 figure of 7.4 percent, according

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  9. EU vote highlights Greek center-left's urgent need for renewal
    Photo by MacroPolis

    PoliticsGreek Politics

    The expectation that the PASOK-led Elia alliance would receive less than the 8 percent it got... accepted that the government’s legitimacy would be in question if Elia did not gain more than 10..., Greece's far right parties, Golden Dawn and LAOS, came away with more than 12 percent. Compared

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  10. Parliament's budget office sees Greek recovery finely poised

    EconomyMacroeconomy

    that the Greek economy could grow by more than expected this year but that a series of concerns... weigh on the recovery. The PBO estimates that the economic recovery this year may be stronger than... is one of the biggest in the world, higher than that of other countries with systemic crises

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