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  1. Parliament's budget office sees risks and rewards in third bailout
    Photo by MacroPolis

    EconomyMacroeconomy

    uncertainty returned and reforms have stalled, the report notes. Although the fiscal measures included... but includes several “horizontal” measures, such as the increase the VAT rates, which intensify the recessionary pressure. Overall, the report concludes that the tax measures have been decided

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  2. EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus

    EconomyProgramme

    the eurozone institutions and the International Monetary Fund on the key policy measures and actions... and pensioners will pay tax. 3) A series of parametric measures generating savings of 1.2 percent of GDP... percent of GDP) and cuts in defence spending (0.2 percent). On the parametric measures, there seems

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  3. Greek 2015 primary surplus at 0.7 of GDP under programme method as Athens looks for boost

    EconomyMacroeconomy

    in contingency measures right now. The stand-by measures are seen as a way of bridging the gap between Greece’s European lenders, who are content that the package of 5.4 billion euros in fiscal measures... measures need to be passed through Parliament straight away to ensure they will apply automatically

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  4. Coalition MPs and multi-bill clear first hurdle as tension builds
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    as tension builds ahead of Thursday’s ballot. Following a two-day discussion of the measures... to speak at the committee sessions. Many reportedly called for the government to scrap the measures..., government officials have indicated that Athens would take steps to cancel the measures it is due

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  5. Budget primary balance confirmed at deficit of 6.10 bln in June
    Photo by MacroPolis

    EconomyMacroeconomy

    the monthly target. MoF noted that this decrease was mainly due to the adoption of tax relief measures... to the impact of measures taken to eliminate the negative effects of the coronavirus pandemic. State..., 2020, which contains the measures taken to address the effects of the health crisis, tax revenues show

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  6. IMF sees GDP shrinking by 9.5 pct in 2020, warns about pace of fiscal consolidation
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyProgramme

    notes that Greece's modest recovery was interrupted by the measures required to contain the pandemic... significantly since March despite the various support measures. The IMF expects the Greek economy... to implement further measures to support the economy that might require additional support from

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  7. EC revises growth estimate upward to 4.1 pct this year, 6 pct in 2022

    EconomyMacroeconomy

    estimates assume the relief measures that have so far cushioned the blow on the economy will not be cut... deficit in 2021 at 10 pct of GDP. This is because aside from the necessary measures to support the economy in the first half of the year, the authorities adopted a series of tax reduction measures

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  8. Incorporating impact of Ukraine war, EC revises growth forecast down to 3.5 pct
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    by the temporary measures in response to the high energy prices. The fiscal estimates assume that all pandemic and energy support measures will be phased out this year, however, two measures that were introduced... the solidarity levy for private sector incomes will continue. The measures intend to reduce the tax wedge

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  9. Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct

    EconomyProgramme

    Following the initial proposals on fiscal and structural measures from Greece, which we presented... as measures to enhance the local economies. In the banking sector, reforms relate to the establishment... as mediation and labour arbitration and measures towards the gradual raise of the minimum wage

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  10. Coalition under fire over multi-bill but aiming to stay united for vote
    Photo by MacroPolis

    PoliticsGreek Politics

    the possibility that voting through another set of unpopular measures may prove too much for some... to the one on the last set of measures, when all 153 MPs from SYRIZA and ANEL supported the reforms... the negative reaction to the latest measures. On Friday, both Eurogroup President Jeroen Dijsselbloem

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