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  1. Tsakalotos states case on pension cuts in bid to overcome lenders' reluctance
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    social safety net has become redundant because Athens is now in a position to spend some of its excess... in 2017. Finally, Athens has put together data showing that cutting pensions now would also be damaging... a bond issue in the coming months. The issue looks set to be decided by November, before Athens has

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  2. Tsipras and Kammenos vow to stick together until further notice
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    Parliament has to ratify the name settlement, known as the Prespes Agreement, caused unrest within... Democracy and ANEL not making it into Parliament. This necessity to survive has kept Tsipras and Kammenos.... According to Palmos Analysis, New Democracy’s lead over SYRIZA has shrunk from 10.5 points in March

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  3. VAT revenues up in 2016 but rate hikes fail to close gap of 29 pct
    Photo by MacroPolis

    EconomyFeatures

    The European Commission's VAT Gap report has revealed that high rates of VAT in Greece appear... in Greece has remained consistently high over the last few years. It stood at 30 percent in 2012.... In percentage terms, the VAT gap rate in 2016 has remained unchanged as compared to 2012. Year-on-year

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  4. PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    at the start of December, shortly after the budget for 2019 has been voted in Parliament. According to reports... of the loans that the IMF has granted to Greece is over 3.5 percent as any amount in excess of the country’s quota has a rate of close to 4 percent. The reports suggest that the PDMA plans to bring down

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  5. Athens prepares 2019 draft budget amid pension cuts dilemma
    Finance Ministry

    EconomyProgramme

    to pension spending has not been concluded yet, there is a high probability that Athens will have... as Greek bond yields are higher than the government would like. It has been suggested that one option would... year’s pension cuts with his eurozone counterparts) to take place. It has already been suggested

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  6. PWC report finds Greek fire damage above average despite lower incidence

    Society

    A report by PricewaterhouseCoopers (PwC) which examined Greece’s firefighting capabilities has... countries, Greece has a relatively low incidence of wildfires in the last three years, when fires.... They also lag significantly behind those used in central Europe. The poor track record that Greece has

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  7. Tsipras seeks assurances that coalition will remain united for time being
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    Minister Panos Kammenos, who has recently threatened to walk out over the Prespes Agreement aimed... the government’s opportunity of winning back some of the support it has lost over the previous years by engaging... the political process in the Former Yugoslav Republic of Macedonia (FYROM) has been completed. Independent MP

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  8. Child poverty rate in Greece triples in a decade, OECD study finds
    Photo by Panagiotis Tzamaros/Fosphotos

    Society

    , which tracks child poverty in developed countries, has shown that Greece was among the countries where child poverty has increased sharply in recent years. Overall, the study found that on average..., the anchored poverty rate since 2008 has grown threefold. This was driven by sharp declines

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  9. After Kotzias departure, Tsipras hopes for clear path to elections
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    with the government intact so he has a chance of achieving a decent result at the next elections... that this obstacle has been overcome, providing the SYRIZA-ANEL government with a clear path for the next few months... unlikely that Kammenos will bring down the government before the diplomatic pact has been approved

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  10. Pensions spending stable but early retirees burden system
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . The government has been gradually phasing out the EKAS grant. In December’s bulletin, the number.... The government is under pressure to carry out a further one percent of GDP cuts in 2019, but argues that it has... Panteion University has shown that the country’s social security system will be burdened by around

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