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  1. Newsletter 254 -19/06/2020

    Newsletters

    of State Giorgos Gerapetritis hinted that the changes may be announced sometime after July 1, once... to be announced between July 1 and the Thessaloniki Expo in early September, with more precise speculation focussing on the one-year anniversary of the New Democracy government on July 7. Mitsotakis

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  2. Debt relief or debt restructuring for Greece?

    Agora

    ) is without precedent in the history of a sovereign debt restructuring exercise.[1] Put otherwise, while... debt dynamics (see graph 1 below) it is a matter of time until this secondary migration process... a combined volume of 240 billion euro. The current programme expires in mid-2014. 1. Who will blink first

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  3. Greece agrees with troika, looks to tranche release and redistribution of surplus
    Photo by MacroPolis

    PoliticsGreek Politics

    euros will reportedly go towards reducing the country’s debt, 1 billion to reduce state arrears and 500 million will be given as a “social dividend.” The latter mainly involves one-off handouts to 1... contributions by 3.9 percentage points (2.9 for employers and 1 for employees), which will be effective

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  4. Newsletter 125 -30/06/2017

    Newsletters

    , Panos Kammenos over his contact with a convict connected to the Noor 1 drug smuggling case... of the Noor 1 cargo ship seized with around 2 tons of heroin on board in 2014 - had asked for protection... warned the minister that he could face up to 20 years in jail if it is proved that he colluded

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  5. Newsletter 157 -30/03/2018

    Newsletters

    will be released on Wednesday, with another 1 billion to follow for arrears clearance after May 1... pensions (and possibly cutting the tax-free threshold for incomes) by 1 percent of GDP in 2019... indicators over the last 12 months, having recovered by nearly 20 points from -72.2 in April last year

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  6. Newsletter 161 -11/05/2018

    Newsletters

    the new rates to be in place on June 1, it wants to avoid any sharp rises in working class... by the end of the programme on August 20. The total figure still outstanding at the end of March was 3.4... percentage points. The Greek lenders started the exercise with Common Equity Tier 1 (CET1) ratios

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  7. About last night
    Photo by MacroPolis

    Agora

    half a day to reach a deal at 1:30 a.m. on Friday regarding the package of debt interventions... in from 2023, when the previous grace period was due to expire. This would require an additional 1 billion... expenditure by 1 percent of GDP and increase the tax base by lowering the tax-free threshold to bring

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  8. Tsipras pledges array of tax cuts, hopes for break on pensions
    Photo by Andrea Bonetti/Fosphotos

    PoliticsGreek Politics

    to implement next year the 1 percent of GDP reduction to pension spending but did not go as far as declaring..., particularly by boosting consumption. Fiscal Regarding next year’s pension cuts equivalent to 1 percent of GDP... to be implemented in 2020 with the aim of delivering extra revenue equivalent to 1 percent of GDP

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  9. Take your seats

    Agora

    -employed from 20 percent to 13.3 percent (in line with salaried workers), a cap on supplementary pension... and the reduction of the top rate of VAT from 24 to 22 percent in 2021, with the lower rate dropping 1 percentage point from 13 percent to 12. He also pledged that 1 billion euros in backpay would be handed over

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  10. Newsletter 222 -04/10/2019

    Newsletters

    20 percent are Syrians, who are eligible for asylum. Almost 39 percent of this year’s arrivals were... Thomas Cook for 1, 2 and 3 star hotels came to an average of 48 percent of overall turnover... that for every 1 euro of tourism revenue generated in Greece, another 2.50 euros is generated indirectly

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