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What the ECB did next - a tale from another crisis
Agorathe cash needed to pay for these same bonds. This circular form of financing is possible and affordable as the interest charged by the ECB is much lower than any available commercial rate. The ECB blocked... with the Bank of Greece (BoG) (which accepted lower rated paper), but whose credit supply capability
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Pension cuts dominate discussion as eurozone prepares to release final bailout tranche
EconomyProgrammeto retirement pay due to be implemented next year. However, he admitted that “there is always flexibility... by the fiscal implications of the lower VAT rate as the increase is only expected to yield 24.... They also want to make use of the surplus at the unified social security fund (EFKA) to lower
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Take your seats
Agoraand the reduction of the top rate of VAT from 24 to 22 percent in 2021, with the lower rate dropping 1... difference” (the extra retirement pay received by pensioners who stopped working before the coalition’s... to have a chance of hanging on. The danger is that instead of choosing to up his game, he will lower
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Newsletter 175 -21/09/2018
, but the decision will likely stay on hold under November. pay, boosting consumption. “In our view.... Apart from a faster growth rate and the lower primary surplus targets he wants to negotiate...) to 88.6 billion, 1.6 billion lower than the target of 90.2 billion. The current amount is equal
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Greek leaders' contrasting visions all a blur
Agora. Mitsotakis has argued that lowering taxes would lead to lower tax evasion (as the incentive to dodge... fiscal space that comes through an outperformance, rather than creating it by meeting lower targets... the current supplementary pension scheme to pay into their own savings programme. These figures also
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OECD report highlights stress on Greek middle class during crisis
Societymiddle classes tend to have lower crime rates, as well as higher levels of trust and life... percent of benefits, while lower income households account for 32 percent of the population and 15... to the OECD. In addition, governments should take steps to ensure affordable housing, help pay
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EC spring forecast sees growth of 2.2 pct in 2019, 2020 but warns of hampered public investments
EconomyMacroeconomyincrease. Employment is expected to grow by 1.5 percent this year and at a lower rate of 1.3 percent next... by 2020, slightly lower than 17 percent rate foreseen in the autumn forecast. Inflation is forecast... its primary surplus targets largely due to previous policies on expenditure dynamics starting to pay
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Greek elections: Just the (decisive) details to be settled
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2013/11/21/tsipras_1000_myrto_2111-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
Agoraof between 30 and 100 percent of their monthly retirement pay. Around 600,000 retirees who earn... products transferred from the top rate of 24 percent to the lower, 13 percent bracket. The same... the 3 percent entry ceiling), the lower the threshold the winning party will need. Pollsters concur
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IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap
EconomyProgrammebase of paying taxes. Greece is nearly last in the EU in terms of the share of workers that pay... that the Fund suggests lower pension spending by recalculating the pensions of existing retirees using the new... reiterates the country’s official creditors can do their part through lower fiscal targets as early
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The case of SYRIZA's fiscal performance
Agora-of-center government because consumption-based taxes put a larger relative burden on lower-income families.[2] Direct income taxes under SYRIZA were lower than under Samaras, and Greece received fewer... suggests that tax cuts do not pay for themselves in the long run, but they do affect income
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