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  1. Greece goes deeper into deflation territory

    EconomyMacroeconomy

    . It is noteworthy that the reduction of VAT in restaurants and catering by 10 percentage points to 13 percent

    3%

  2. Revenues at 4.77 bln in Oct, beating target for fourth straight month

    Economy

    in October and 11.1 percent to October) with the drop in VAT just shy of 10 percent for both periods

    3%

  3. Has internal devaluation really helped Greek exports?

    Economy

    access to bank credit, supplier cutback of credit, long waiting times for VAT refunds from the state

    3%

  4. Why tax evasion threatens to become endemic due to how Cyprus was bailed out
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    companies. The Value Added Tax (VAT), raised to 18 percent for most items, is a very tempting

    3%

  5. Greece saw first annual deflation in almost half a century in 2013

    EconomyMacroeconomy

    and restaurants, where prices slipped 3.0 percent. Note that the reduction of VAT in restaurants

    3%

  6. Greece closes 2013 with 691 mln budget primary surplus despite late investment spend

    EconomyMacroeconomy

    , this statement most likely refers to specific budget items such as VAT income from restaurants

    3%

  7. Greek deflation slows to 1.5 pct in January

    EconomyMacroeconomy

    and restaurants' prices remains intact at 3.2 percent, following the reduction of the respective VAT rate

    3%

  8. Greek primary budget surplus doubles to 835 mln in Jan but below target

    Economy

    , mainly due to lower consumption taxes (down 8.3 percent), counterbalancing a modest increase in VAT

    3%

  9. Drop in CPI eased in Feb but Greece still firmly in deflation territory
    Photo by MacroPolis

    EconomyMacroeconomy

    where prices eased by around 3 percent. The latter mainly reflects the reduction of the respective VAT

    3%

  10. Greece enters second year of deflation as CPI falls 1.3 pct in March

    EconomyMacroeconomy

    mainly reflects the reduction of the respective VAT rate by 10 percentage points as of August 1

    3%