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  1. VAT, income taxes lead budget outperformance as primary balance deficit eases to 1.16 bln in Jul
    Photo by MacroPolis

    EconomyMacroeconomy

    billion euros. The budget balance up to July came to a deficit of 4.59 billion euros, from a 12.52-billion... thanks to the timing mentioned above, while income taxes were up by 1.05 billion euros. Excise... at a deficit of roughly 2.6 billion euros. Up to July, RRF intakes were 1.72 billion euros and 1 billion

    3%

  2. Unveiling of relief package imminent as electoral law speculation is revived
    Image: https://flic.kr/p/22EqL7F

    PoliticsGreek Politics

    Democracy is still weighing up what will go into the relief package, but that the total fiscal impact... involves up to 94 pct of the increase being absorbed by the state. During a radio interview, he... this legislation has come up fairly frequently even though it has been just 2.5 years since

    3%

  3. Poverty rate rises in 2021; even after social transfers 1 in 4 children are at risk
    Photo by Aggeliki Koronaiou/Fosphotos

    Society

    increases to 24.7 pct, up by 1.1 percentage points since 2020, with males at 24.4 pct and females at 25... at 32.4 pct, with the next age group of 18-64 up by 1.1 percentage point at 25.7 pct and those over 65 also up by 1.1 points to 16.1 pct. The absolute number of people at risk of poverty and social

    3%

  4. Finance Ministry costs new support package, but questions remain over electricity subsidies
    Photo via www.government.gov.gr

    Economy

    of the energy crisis was seen at 8.5 billion euros, now significantly revised up to 13.2 billion... Transition Fund. The actual cost of the electricity and natural gas subsidies will take up over 10.5... by Russia is disrupted and this pushes up wholesale electricity prices and the associated bill

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  5. Opposition lambasts Mitsotakis over support package, accuses PM of election scaremongering
    Image: https://flic.kr/p/ARpkYe

    PoliticsGreek Politics

    minister also came under attack for cherry-picking data in his speech to back up his claim that Greek... conspiracy theories while cosying up to the far-right Greek Solution party whom he sees as a potential ally...-up to the PM’s speech on Monday, however key details remain unclear. Alternate Finance Minister

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  6. Moody's, DBRS keep ratings unchanged, leave no doubt that fiscal prudence is key for next moves

    Economy

    in cleaning up the balance sheets as banks have to operate in a high-risk environment led by recession... if they are to consider pushing Greece up to investment grade. DBRS also highlights that Greece has... GDP by up to 3.3 pct by 2026. In the ratings drivers, policies of pro-growth and pro-reform

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  7. Surveillance scandal produces more damaging revelations for ND

    PoliticsGreek Politics

    , the head of the privacy watchdog argued that this reasoning does not stand up to scrutiny since... with the inquiry and trying to cover up the affair to minimise the damage for New Democracy and PM... elections. It was reported that Androulakis might seek to up the pressure on the government by raising

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  8. Opposition anger at constrained surveillance inquiry not yet reflected in public mood
    Photo by MacroPolis

    PoliticsGreek Politics

    in the panel, is trying to wrap up proceedings as quickly as possible and failing to approve the proper... questions. PASOK also accused the government of trying to cover up the scandal and blocking any... sanguine about the phonetapping scandal and the opposition accusations that it is covering up the affair

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  9. Budget primary balance to Aug beats target by almost 6 bln as VAT, income and property taxes drive revenue outperformance
    Photo by MacroPolis

    EconomyMacroeconomy

    by 5.7 billion euros. The budget balance up to August came to a deficit of 4.1 billion euros, from... taxes were up by 1.76 billion euros. Excise taxes were short of target by 150 million euros. Tax... million euros. Overall, the PIB balance landed at a deficit of roughly 3 billion euros. Up to August

    3%

  10. Big two parties strengthen grip on voters, but dominance remains elusive
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    its ratings by 0.6 pct since the beginning of July and SYRIZA picked up 1.5 pct. Once again, PASOK... picked up 0.8 pct since late August, and SYRIZA has gained 0.6 pct, while PASOK shed 0.9 pct to go from.... Voting intentions still do not add up to an outright victory for ND in an electoral contest under

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