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  1. IMF sees much scope for reform progress, particularly on tax in Article IV report
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    including the broadening of the personal income tax base and rationalising the pension spending to allow... burden allowing more than half of wage earners to exempt from paying personal income tax compared... that if Greece aligns the personal income tax credit relative to the average wage to the eurozone

    2%

  2. Greece, lenders fail to make headway on fiscal and labour issues
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    such as the number of taxpayers that pay personal income tax and the pension expenditure that burdens... from paying personal income tax compared to a eurozone average of just 8 percent. In addition... tax rate for personal incomes and in contributions as well as lowering the VAT rate for certain

    2%

  3. Details of technical agreement between Greece and lenders set out in draft sMoU
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    the elimination of the personal income tax credit for medical expenses (121 million) and scrapping the tax... and a personal income tax (PIT) reform also delivering net savings of 1 percent of GDP in 2020 and 2021... MoU. As we have noted, the pension reform includes partial elimination of the personal difference

    2%

  4. Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    with the institutions for the implementation of an additional pension and personal income tax reform yielding... contributions. The pension interventions include a reduction in the personal difference in main.... The interventions in 2020 include the reduction in the personal income tax credit by 650 euros

    2%

  5. Despite recent improvement, more than half of Greeks unable to afford one-week holiday
    Photo by Harry van Versendaal

    Society

    at least one trip for personal purposes was seen in those aged 45-64 where an increase of 5.7 percent was noted in personal trips, while the number of nights away rose by 2.1 percent. Expenditure... for free. Personal trips spent in non-rented accommodation account for 78.9 percent of the total number

    2%

  6. Tsipras takes stage for launch of book and would-be political manifesto

    PoliticsGreek Politics

    not merely as a personal reflection but as a political text. Tsipras described it as a “key.... They dismissed it as little more than a personal rebranding exercise, designed to secure relevance... call for a re‑founding of the progressive camp was less about unity and more about personal ambition

    2%

  7. Mitsotakis moves to repair key electoral alliances with pension and pay rises
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    comes with the abolition of the “personal difference”, a mechanism introduced under the Katrougalos... for hundreds of thousands of retirees. Around 670,000 pensioners still carry a positive personal... a personal difference have already received cumulative increases of 15.55% since 2023, while those

    2%

  8. The Cyprus bailout is different, not only due to the bail-in
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    the size of the civil service by 4/5,000 persons. This is not without a cost, however. The large

    2%

  9. OECD sees 3.3 bln euros of savings Greece can make by cutting red tape

    EconomyMacroeconomy

    to 1.54 billion. The key recommendations include: Remove inactive VAT taxable persons from the VAT

    2%

  10. Better contribution collection for Greek pension funds but 5.1-bln shortfall looms
    Photo by MacroPolis

    Economy

    . In addition, the closing of firms resulted in 196,000 insured persons stop paying their contributions

    2%