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  1. 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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  2. 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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  3. 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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  4. 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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  5. 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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  6. 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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  7. Government readies up to 2 bln in assistance for shuttered firms and employees
    Photo via www.government.gov.gr

    Economy

    Finance Minister Christos Staikouras announced on Wednesday a second round of coronavirus-related support measures for the Greek economy, which will total roughly 2 billion euros. The measures..., Staikouras said. But he added that more measures would be put together in the future, according

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  8. April budget primary balance shows deficit of 1.52 bln as state revenues miss target by 7.5 pct

    EconomyMacroeconomy

    , that were initially due to arrive in April 2020, and in part from the impact of the measures... underperformed against the target by 399 million. This is due to the adoption of tax relief measures... percent. The MoF noted that this underperformance is due to the impact of measures taken to face

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  9. Budget primary shows deficit of 5.86 bln in June, target shortfall widens to 6.18 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    of the coronavirus pandemic, which had manifested in previous months along with support measures... euros. The MoF said that this was due to the impact of measures taken to eliminate the negative effects... by 432 million euros which stems from measures applied to tackling the coronavirus outbreak. Interest

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  10. Unemployment at 16.8 pct in Aug as inactives rise by 2.9 pct YoY
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    that in light of the coronavirus pandemic and mass layoffs which resulted from lockdown measures, they were... the pandemic was lifted, specific regulatory measures were implemented regarding the operation... collection measures, and therefore monthly data was subject to revision when quarterly data was released

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