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Government tones down fiscal pledges as tighter framework starts to bite
EconomyMacroeconomyclause is now firmly closed. In Parliament last week, Finance Minister Kostis Hatzidakis briefed MPs... that have worked so well for the government since 2020. The finance minister and the prime minister..., or expectation from voters, for fiscal laxity. With this in mind, the finance minister appeared
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Bumper results for banks add to frustration over interest rates, fees
EconomyBankingprominent role since the pandemic and policy interventions by the Finance Ministry that linked shop... and VAT revenues. The Finance Ministry has picked up on the friction which is also a source of political wear-and-tear for the government. Finance Minister Kostis Hatzidakis has publicly urged banks
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Newsletter 432 - 06/09/2024
another 1 billion euros, and defence procurement. The Finance Ministry is hoping that the European... couple of weeks in an attempt to defend its economic record, culminating in the Finance Ministry... and a social media buzz around the KEPE article, the Finance Ministry this week outlined seven areas
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Mitsotakis dangles promise of further tax relief but opposition questions VAT revenue bonanza
PoliticsGreek Politicsthe Finance Ministry show tax revenues approaching 49 billion euros in the first nine months... and middle earners. The party’s finance spokesman also accused Mitsotakis and his Finance Minister
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Newsletter 442 - 22/11/2024
. On Tuesday, Finance Minister Kostis Hatzidakis tabled the 2025 budget, which is due to be debated... difficulty aheadThe Finance Ministry tabled on Wednesday the final budget for 2025. As much as the headline..., the Finance Ministry now sees 2024 investment growth at just 6.7 pct, a significant underperformance
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New Democracy tries to win over voters with crackdown on bank charges, migration
PoliticsGreek Politicson bank charges while doubling down on anti-migrant rhetoric. This week, the Finance Ministry... lawmakers, who last week tabled a question to Finance Minister Kyriakos Pierrakakis. The social democrats..., the Finance Ministry seems to have been caught unawares by the strength of public sentiment, but also
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Newsletter 475 - 12/09/2025
to be held publicly accountable. Behind the government’s confidence, Finance Minister Kyriakos..., in the Finance Ministry’s view, will hardly reach consumers and hence their disposable incomes... data of the package that the Finance Ministry provided, just 2.1 pct of all taxpayers have more than
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Newsletter 479 - 10/10/2025
the initial expectations. The Finance Ministry expects investments to grow by 5.7 pct this year... as the projects will not meet the August 2026 deadline. The Finance Ministry has again anchored its estimate... with the Finance Ministry’s estimates, which has filtered through its calculations, sending a strong signal
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Government budgeting on a late RRF sprint
EconomyMacroeconomycapital formation coming below the initial expectations. The Finance Ministry expects investments... losing funds as the projects will not meet the August 2026 deadline. The Finance Ministry has again... will be broadly in line with the Finance Ministry’s estimates, which has filtered through its
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Newsletter 485 - 21/11/2025
Finance Corporation, aims to transform the site into a multi-sectoral hub integrating shipbuilding, LNG..., with the Finance Ministry expecting the economy to grow by 2.4% next year, slightly accelerating from..., the Finance Ministry had forecast investment growth of 8.4%, which has now been revised down
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