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Rising yields, market turbulence limit government's fiscal options
EconomyIt seems that the Finance Ministry toying with the idea of countering inflation by reducing VAT... that it is set to tighten monetary policy this year. The finance and economy ministers both argued this week that reducing indirect taxes are not an option on grounds of fiscal prudence. Previously, Finance
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Govt weighs up impact of Ukraine war on recovery, waits for decisions at EU level
PoliticsGreek Politicsof economic hurdles would be overcome. It is clear that the Finance Ministry will have to re-write... a given that measures to mitigate price hikes will require additional spending, although the Finance... if the eurozone will decide to keep its fiscal rules relaxed into 2023 as well. Eurozone finance
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Hopes of EU providing immediate relief wane as economic challenges multiply
PoliticsGreek Politicsby host, French President Emmanuel Macron, who called for joint European debt to finance... the last couple of years. Budget implications Clearly, this will weigh on the Finance Ministry’s... on Thursday, Finance Minister Christos Staikouras said that inflation could surpass 8 pct
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Govt readies additional inflation relief package, draws up new budget
PoliticsGreek Politicsnews from the European Union this week, when finance ministers meet to discuss whether any fiscal flexibility will be available to member states this year as a result of developments. As the Finance... by Athens. Budget The new revised budget for 2022 is due to be made public in April, when the Finance
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Newsletter 351 - 16/09/2022
seen on trackThe policy announcements made by the PM over the weekend were followed by a Finance... on the energy front. Kyriakos Mitsotakis and the Finance Ministry officials wanted to send clear signals..., are about to publish their rating reviews for Greece on Friday night. Finance Minister Christos
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Newsletter 394 - 22/09/2023
it clear that he thinks Achtsioglou would make a better leader. On Tuesday, the former finance minister.... The Finance Ministry is already about to submit a supplementary budget that could reach 700..., beyond October. In this week’s preliminary budget execution for August, the Finance Ministry made
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Newsletter 404 - 01/12/2023
on Thursday. The Finance Ministry has offered to make concessions on its original proposal to levy... by former finance minister Euclid Tsakalotos and the more moderate “6+6” faction for which former labour... in a recent newsletter. The Greek Finance Ministry sees rapid investment growth that will exceed 15 pct
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Government preparing U-turn on controversial tax measure in bid to win back self-employed
PoliticsGreek PoliticsThe Finance Ministry is believed to be paving the way to repeal an unpopular tax measure widely...’s EP elections. The business daily Naftemporiki reports that an amendment to the Finance Ministry... Tsapalos, the press spokesman for Finance Minister for Kostis Hatzidakis. Tsapalos said that once
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PM puts tax cuts front and centre in bid to win back voters
PoliticsGreek Politicsreduction of tax evasion, are laying the groundwork for future tax reductions. The Finance Ministry... a significant part in containing tax evasion and boosting revenues. The latest figures from the Finance... consumers and the intervention would not have the desired effect. Finance Ministry officials argue
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Several obstacles on narrow fiscal path to new tax cuts
EconomyMacroeconomy. Since the turn of the year government officials have been briefing that the Finance Ministry... 20,000 and 50,000 euros. Finance Minister Kostis Hatzidakis told a conference that the new regime... for the submission of tax returns based on 2026 incomes. Finance Ministry officials have been briefing the local
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