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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgrammean agreement could be clinched by March 25. The quadriga proposed to the Greek government last week.... According to this quadriga proposal, the current tax-free threshold of 9,550 euros would be lowered... tax break. Both the government and the quadriga proposals result in lower tax for those self
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Most services in Greece see turnover improve in Q1
EconomyMacroeconomyand accounting services (+11.9 percent). On the flipside, the 3 service activities that posted a drop in Q1... for the second consecutive quarter in Q1 2015, with 11 out of 14 service activities posting a rise, according to the Hellenic Statistical Authority (ELSTAT). In Q4 2014, eight service activities had recorded
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Centre-left parties jockey for leading role in post-election landscape
PoliticsGreek Politicsnot augur well for Androulakis and his vision, however PASOK sources argue that the large portion
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Exposure to tourism sector a concern for banks despite effort to save season
EconomyBankingand put the economy on track for recovery in the autumn. The three pillars of the plan were described... catering not being serviced.. As pointed out in the report, the property market is also connected... 1.75 billion euros, of which 77 percent are considered fully serviced. The remaining 370 million
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Slow pace of civil service evaluation, Hellenikon deal add to review agenda
PoliticsGreek PoliticsSeveral areas of potential tension between the government and Greece’s lenders have emerged ahead of the third review. Athens is still struggling to find a way to conduct a performance evaluation in the public sector after civil servants’ unions instruc...
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Athens struggles with civil service evaluation, reduction of arrears
EconomyProgrammeThe Greek government has its hands full at the moment with the effort to complete as many prior actions as possible from the fourth review so there can be a staff-level agreement by the May 24 Eurogroup. Apart from the fact that many of the 88 key deliv...
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Health service in spotlight as govt scrabbles for more measures to contain Covid
PoliticsGreek PoliticsThe government is set to admit defeat in its strategy for containing Covid-19 as health data continues to cause concern and new measures are set to be announced to rein in the virus. Although the coronavirus numbers have been worrying for several days, ...
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Newsletter 141
to appear in the Greek economy this year, though they are fragile. Tourism, one of the main pillars... by strong services balance growth as travel receipts continue to increase Travel receipts rose by 15.5... euros year-on-year and was driven by a 350 million rise in the services balance, and by the deficit
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Multiple facets of inequality in Greece: a decade of divergence between data and daily life
Societygrowing crisis Long-term care (LTC) is one of the weakest pillars of the Greek welfare state... to essential services compound one another. Income unequal Although the Gini index has edged downward... and access to services. The post‑2018 recovery illustrates this dynamic clearly. Working households saw
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammefiscal stability is based on two pillars: strict control and allocation of expenditure... reflecting higher purchases for goods and services, social benefits (mostly due to the introduction... is seen down by 1.8 percent on the back of lower purchases of goods and services as well as social
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