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Newsletter 214 -12/07/2019
and opening the discussion about the fiscal side of things next year. In effect, this would mean trying... into immediate effect. The government’s tax bill, which is set to phase in 6 billion euros worth... who prove to be prompt payers. Another measure that will have immediate effect is the tweaking
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Study proposes higher public spending to counter expected rise in NPLs
EconomyFeaturespercent. KEPE found that this indicator did not appear to have a notable effect on housing loans... small effect of public debt on the increase in NPLs is an encouraging message to the government... beneficial effect on reducing or stabilising NPLs. “Therefore, the main lever of support for the economy
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Greek housing market at new juncture as Covid-19 shakes foundations
EconomyFeaturesthe trend. The Covid-19 pandemic has had a chilling effect on the sector, as it has on most areas of economic activity. The effect, however, is all the more concerning because the nascent recovery hinged... of 2019. This suggests that any effect was probably highly localised, though not negligible
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Govt on defensive over property tax tweaks and labour bill
PoliticsGreek Politicsassessed values that will come into effect from January 1. In roughly 7,000 of the existing 10,000 zones... unchanged. The new ENFIA will come into effect in January next year and can be paid in 10... that are also connected to the value of homes. Concerns about the knock-on effect of the increase
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PM goes big on minimum wage increase, but opposition unmoved
PoliticsGreek Politicseuros. The prime minister said that in addition to the 2 pct raise which came into effect in January..., which takes effect in May, will be combined with a 0.5 ppt cut in contributions from June... to Covid, which will take effect in May. Plevris said the latest data on vaccination and infections
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PBO sees normality returning, but inflation will have multifaceted effects
EconomyMacroeconomygrowth of 2 pct. The 2 pct rise in handout spend will push up GDP growth by a negligible effect... by inflationary pressures had a massive effect on the debt-to-GDP ratio. Despite the nominal rise... to the denominator effect. There will also be effects on fiscal performance as it is evident that VAT
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Newsletter 388 - 07/07/2023
by a negligible effect to 2.3 pct. The same scenarios for 2024 lead to growth rates of 2.7 pct in the first... had a massive effect on the debt-to-GDP ratio. Despite the nominal rise by 3 billion euros to the general government debt, the ratio dropped by 23 percentage points thanks to the denominator effect
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Great Expectations: Is Greece 2.0 hitting the target?
EconomyFeaturesthat is having a significant dampening effect on growth. The government’s own RRF spending targets for 2023 were... in 2023, with a measurable negative effect on economic growth. This should sound alarm bells about... of the prevailing economic model rather than achieving a transformative effect.
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Honey, I shrunk the Greeks
Agoraby one of the many middle-aged ladies that were handing out surgical masks and asked us if we wanted
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Fear and loathing in Athens: an ex-minister's take on troika reviews
PoliticsGreek Politicsscheme, which Manitakis wanted to be based on an assessment of public sector staff, and making in June
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