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  1. How big is Greek fiscal gap? Will cuts be needed? Here's our Q&A

    PoliticsGreek Politics

    than 500 million euros. Some reports in Greece have suggested that the Finance Ministry is preparing... increased by more than 400 million euros in the first half of the year. However, the issue of tax revenues... of recession and more than three years of austerity, during which household income has shrunk dramatically

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  2. Fear and loathing in Athens: an ex-minister's take on troika reviews
    Photo by Harry van Versendaal

    PoliticsGreek Politics

    and if the government has found a way to settle more than 500 million euros of state debts to the Athens... falling quicker than planned due to retirements, was solely aimed at breaking a “taboo”. “This demand..., employing more than 700,000 people, but that this number is on course to fall below 550,000 by 2015

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  3. Fight against tax evasion yields results, reveals challenges

    Society

    a shadow economy that is equivalent to more than a fifth of its GDP. It is sometimes claimed... of arrests for unpaid debts and suspected tax evasion. In 2012, more than 800 Greeks were arrested... for tax evasion rather than when he or she is convicted. Similarly, a draft law prepared in June

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  4. October revenues reverse earlier shortfall, annual primary surplus in sight

    Economy

    , mainly owed to higher revenues more than offsetting a hike in interest payments and Public Investment... line. The consistent bottom-line outperformance - by more than 4 billion euros to October - continues... in unpaid taxes by more than 600 million per month and b) expenditure deferral, particularly regarding

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  5. Last man standing
    Photo by Can Esenbel [www.mundanepleasure.com]

    Agora

    on Sunday than during a John Ford western. Unfortunately, the level of debate was more suited to Blazing Saddles than The Searchers. Why Tsipras should choose to undermine himself in this way can only... governing parties or parties preparing to govern have to. The leftists, a party of less than 5

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  6. Revenues at 4.77 bln in Oct, beating target for fourth straight month

    Economy

    , mainly owing to higher revenues more than offsetting a hike in interest payments and Public Investment...’ arrears on the expenditure line. The consistent bottom-line outperformance - by more than 4 billion... estimates a gg primary surplus of 812 million (0.4 percent of GDP) in 2013, higher than the initially

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  7. Of symmetry and adjustments in the eurozone

    Agora

    a negative impact on the ability of households to generate demand, this would be more than compensated... because of Germany, of course) had a surplus of slightly more than 6 percent. Since... and Greece, and more than 40 percent in Italy. Fiscal consolidation in the periphery

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  8. Cyprus in 2014: Looking ahead
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    in 2014 if the bank that holds more than 50 percent of loans and deposits is severely exposed to ELA obligations. Most analysts seem to be optimistic about Cyprus due to the better than expected 2013 results, were GDP is expected to fall -5.5 to -6.5 percent rather than the expected -8.7 percent

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  9. Primary budget surplus in Nov at 1.2bln euros, 2013 target in reach

    Economy

    incorporating the better-than-expected revenue and expenditure performance in the 10-month period.... The 11-month underperformance reflects lower than targeted revenues by 1.46 billion, more than... in unpaid taxes by more than 600 million euros per month, peaking to 930 million in November and b

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  10. Greece in danger of repeating familiar mistakes with Golden Dawn
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    . In the 2009 national elections, Golden Dawn gained less than 0.3 percent of the vote. In June 2012, 6.9... in the political system, this time on solid rather than ramshackle foundations. There can be no room... counterweight to neofascist Golden Dawn. In this environment, right-wing extremism is enabled rather than

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