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Troika returning to Greece but key decisions still months away
PoliticsGreek Politicsthan fiscal. Greece is expected to produce a larger-than-expected primary surplus for 2013. Prime Minister Antonis Samaras put the figure at around 1.5 billion euros. Olli Rehn acknowledged... comments at Monday’s Eurogroup that any discussion about more loans for Greece has now been put off until
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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturesof public protests against austerity. Often the public rhetoric obscures rather than conveys... of the crisis put a squeeze on all three funding streams roughly within the same time frame, throwing... in unemployment, put a big dent in employees’ and employers’ contributions into the social security system
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Is a lack of spending hampering Greece's firefighting capabilities?
Societyvolunteers. By this count, Greece employs more professional firefighters than most developed western states. With 115 career firefighters per 100,000 inhabitants, it ranks higher than the United States with 109, and has more than twice the personnel than Italy with 48, and almost three times
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Newsletter 60 - 29/01/2016
compared to the fiscal target for a deficit of 0.25 percent. Although this is more of a preliminary than... to more than 1.1 billion euros in absolute terms, could provide a cushion in the upcoming... than the institutions had forecasted a few months ago. A similar estimate for overall stable GDP
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Newsletter 239 -14/02/2020
since becoming aware soon after coming to power that they were facing a bigger challenge than they had... in 2019, more than double the previous two years, the government’s decision to push ahead with closed... to stand strong against the local reactions, despite a rapid escalation in rhetoric. In an interview
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On lockdown: The moments that will remain
Agoraon the last few weeks and remember the peculiar moments rather than the tragic incidents. Unlike some... passed. We may think about how we crossed to the opposite side of an empty street to put a safe.... Perhaps, though, it is the quiet that will remain with us more than anything else. Apart from a burst
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Newsletter 78 - 17/06/2016
forecasts a marginal recession of 0.3 percent in 2016, while a strong GDP rebound of 2.5 and 3 percent... on the evolution of the Greek banks’ non-performing exposure (NPE) ratio, which increased by more than 4... period showed a primary surplus of 2.27 billion, up by more than 50 percent from last year
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Newsletter 59 - 22/01/2016
are the thorniest issues of the proposed overhaul of the pension system and have triggered strong reactions... their total tax and SSC burden to more than 80 percent of their net income. A joint committee... ceiling than the one contained in the government’s initial proposal. At the same time, farmers
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Budget primary surplus of 1.73 bln outperforms target, tax revenues fall short in April
EconomyMacroeconomy. The outperformance largely reflects a strong underspend, with primary expenditure finishing 1.19 billion lower than the target. In addition, gross revenues (revenues before tax refunds) beat the target by 534... lower than the target. The monthly primary balance recorded a surplus of 656 million in April from
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Greece: After a deal, work on a solution
Agorawill be a short-term fix rather than a long-term solution. Instead, Greece must formulate a long... society. The creditors, on the other hand, need to back such a long-term plan, and put more... the euro, and want a deal in the end. Syriza is therefore likely to back Tsipras when he decides to put
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