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  1. Study estimates tax evasion costs taxpayer up to 16 bln annually

    Economy

    Tax evasion in Greece is estimated to range from 6 to 9 percent of GDP, involving tax losses from... as a result of alcohol, tobacco and fuel smuggling, as well as corporate tax evasion, is estimated... to 2010, the Greek shadow economy was estimated at 27 percent of GDP, well above the OECD average

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  2. IMF examines where programme went wrong, what lessons were learnt
    Photo by Panayotis Tzmaros/Fosphotos

    EconomyProgramme

    . In addition, privatisation proceeds were projected at 46 billion euros during 2012–20 and were... finance ministers during the EFF, with some serving as little as a few weeks. The continued deep recession... measures and more debt relief were needed. During 2012–15, fiscal adjustment was significant (3.25

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  3. Newsletter 380 - 12/05/2023

    Newsletters

    later in the summer. During a speech focussed on the economy, the PM announced that any homeowners who... for fiscal matters, and all the representatives of New Democracy who appeared in the media during the week. The government understands that SYRIZA has a weak spot due to its flip-flopping during

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  4. Newsletter 241 - 28/02/2020

    Newsletters

    , though, as locals believe that the riot police were unnecessarily aggressive during their stay... Paolo Gentiloni during his recent visit to Athens, Greece’s fifth post-programme review... from -32.1 in December. Improvements were noted in all underlying components during the month

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  5. BoG insists on need for bad bank, sees EU funds boosting recovery from 2021
    Photo by MacroPolis

    Economy

    in the coming years, adding as much as 2.3 pct annually during the programme horizon, up to 2026... pandemic credit risk. Banking NPEs have dropped during the year by close to 10 billion euros, mostly... until the end of the year have stemmed the new flow on NPEs during 2020. Although capital adequacy

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  6. Finance Ministry targets 3 bln from unpaid taxes

    EconomyMacroeconomy

    During a press briefing on Wednesday to set out the government’s initiatives for the settlement... and the remaining 46.6 billion during the crisis years. She also revealed that new unpaid tax obligations reached.... During the Finance Ministry briefing, Alternate Minister for Social Security Dimitris Stratoulis

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  7. Newsletter 77 - 10/06/2016

    Newsletters

    tranche of 7.5 billion euros during its meeting in Helsinki on Thursday evening. The next steps... proceedings. Government spokeswoman Olga Gerovasili did not rule out the possibility during a news... of war. Certainly, one could safely say that accuracy has taken a severe battering during the Greek

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  8. Newsletter 272 -06/11/2020

    Newsletters

    is calling an end to the informal truce that had held during the first wave. SYRIZA leader Alexis Tsipras... seasonality during normal years, with a pandemic now having badly dented the high summer operational months... reported on Wednesday that the Finance Ministry is revising its estimates for recession this year

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  9. Newsletter 286 - 26/02/2021

    Newsletters

    Minister Lina Mendoni, Mitsotakis attempted to turn the tables on SYRIZA during a debate... attempted to turn the tables on SYRIZA during a debate in Parliament on Thursday, defending his government... points, European Commission (EC) figures showed on Thursday. During the month, the Employment

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  10. Newsletter 222 -04/10/2019

    Newsletters

    back 10,000 people by the end of 2020, compared to less than 2,000 during the 4.5 years SYRIZA... in September Index edges down, employment slows during month Greece’s manufacturing PMI edged down... million for the wider industry. When the tourism multiplier effect is added in, which estimates

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