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  1. Athens eyes cancellation of pension cuts as Tsipras prepares Thessaloniki package
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    the 1 percent of GDP in pension cuts due next year. Ahead of the first meeting of Alexis Tsipras’s new... to achieve this year. According to a report in Naftemporiki newspaper on Friday, Finance Minister Euclid... seven months of the year. The release of second quarter GDP figures on Monday is expected to allow

    1%

  2. Q2 wages index falls by 0.4 pct QoQ and rises by 2.6 pct YoY
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The seasonally adjusted (SA) Wages Index rose by 2.6 percent year-on-year (YoY) in the second quarter (Q2) of the year, after a rise of 4.9 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures revealed on Tuesday. The wages index captures employees’ gross earnings, which include salaries

    1%

  3. Eurosystem funding down to 12.63 bln in August, banknotes in circulation rise slightly
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    billion euros. Since the start of the year, Eurosystem funding has declined by around 21.04 billion..., while that for the ECB rose by 2.34 billion. August marks the third time this year that collateral... in recent months, apart from the rises noted this month and in December of last year. Since

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  4. Lenders set to keep coalition waiting for answer on pension cuts
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    whether its request for next year’s pension cuts to be shelved will be accepted by the country’s... this year and is confident of exceeding the 3.5 percent of GDP goal in 2019 as well. Speaking... it difficult to accept the cancellation of a measure that was only agreed last year, especially

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  5. Greek leaders' contrasting visions all a blur
    Photo via @kmitsotakis

    Agora

    the VAT rate in the food service sector from 24 to 13 percent, a three-year VAT grace period and 40... a four-year period. Other estimates have put the figure closer to 10 billion euros. In either case... in office, let alone a year. Furthermore, most Greeks are taxed at source (wage earners and pensioners

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  6. Greece moves closer to lifting all capital controls as limits on cash withdrawals removed
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    is also permitted for every calendar year. The MoF had indicated during the week that such a move... is hoping to lift the remaining restrictions on the movement of capital by the end of thus year or early next year.

    1%

  7. Manufacturing PMI dips slightly to 53.6 pts in September as sentiment remains strong
    Image via www.viohalco.com

    EconomyMacroeconomy

    Greece’s Manufacturing PMI declined slightly to 53.6 points in September from 53.9 points in August, staying over the 50-mark threshold for almost a year and a half as confidence in the sector... during the month at the fastest rate for the year so far. Regarding the coming year, the outlook

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  8. Coalition hopeful on pensions, looks to maximise impact of limited relief measures
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    The Greek government is becoming increasingly optimistic that it can avoid next year’s pension cuts.... Others have the problem.” Should there be an agreement for pensions not to be cut next year, one..., or whether to try to see out his four-year term until September, would be removed from the decision

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  9. Trade deficit grows by 15.1 pct in August and falls by 1.8 pct in 8-month period
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    Greece’s trade deficit grew by 15.1 percent year-on-year (YoY) in August compared to an increase of 34.5 percent in July, according to data from the Hellenic Statistical Authority (ELSTAT) released... figure for the first eight months of the year showed a moderate decline of 1.8 percent in the trade

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  10. Athens to send draft budget to Brussels after talks with IMF on pensions

    EconomyProgramme

    of GDP next year, while the other envisages a primary surplus of 3.56 percent. The pension cuts were... for a two-year period. Without the savings from the pension cuts, Athens has to rely on the fiscal... target this year and to repeat that performance all the way to 2023, when it is expected to drop to 3

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