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  1. 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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  2. 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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  3. 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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  4. 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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  5. Moody’s affirms Greece’s rating at Caa3 with stable outlook
    Photo by MacroPolis

    Economy

    ) the measures that still need to be implemented and c) the political dynamics in the euro area. Moody’s notes... of unpopular measures concerning product and market reforms and further progress in privatisations. The rating... timely passage of the additionally required measures, while domestic political dynamics remain

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  6. European Commission positive on Greece's macro and fiscal prospects
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in 2016 and an achievement of 2017 target based on already-adopted measures. Specifically, the EC... of 1.75 percent of GDP on the back of the the measures voted last year. It also notes... measures are expected to increase interest expenditure in the short-term, but will lower it in the long

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  7. European Commission's DSA reveals serious concerns over debt sustainability, need for relief
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyProgramme

    relief measures including extension of maturities and grace periods for principal and interest coupled... measures. All scenarios assume arrears clearance in 2017 and 2018 eliminating the current stock of 6.5... measures. Scenario A The base-case scenario (scenario A) assumes short-term real GDP growth in line

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  8. Eurogroup marks start of countdown for prior actions

    EconomyProgramme

    Fund (IMF) is not demanding extra austerity measures for next year, as it will be satisfied... due to take place next year. The Greek government is adamant that no more measures will be needed... for new measures next year. For now, the immediate target is to try to conclude the review by the end

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  9. Government looks to review visit for nod on tax package
    Photo by MacroPolis

    EconomyProgramme

    in October. Prime Minister Kyriakos Mitsotakis pledged a package of bold tax relief measures in his... views remain on the economic outlook for Greece, and the fiscal impact of various policy measures... measures the prime minister announced in Thessaloniki. However, the first signs appeared

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  10. Budget for 2020 eyes faster growth while balancing tax cuts with more revenues
    Finance Ministry

    EconomyMacroeconomy

    this year despite a series of expansionary measures that were introduced halfway in the year... million euros. Social spending for families will reach 135 million euros and measures to boost... by introducing 1.86 billion euros of total offsetting measures, driven by anticipated 557 million euros

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