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  1. Crisis management policy: the sad lesson of the Greek case
    Photo by Harry van Versendaal

    Agora

    review of the 2015 agreement, a structural general government surplus of 6–7 percent of GDP in 2016... thereof. However, there is no reason to believe that the 6–7 percent could be reduced to lower than 4

    9%

  2. Pending pensions mount up, complicating fiscal effort
    Photo by MacroPolis

    Economy

    billion to 4.54 billion in 2016 from almost 6 billion in 2015. At the same time, the number of pending... are taken into account. As a result, the current deficit of 3 billion would reach 6 billion including

    9%

  3. Newsletter 79 - 24/06/2016

    Newsletters

    that of ECB funding. The switch to ECB funding as of June 29 would entail cheaper liquidity of 5–6 billion... and further by 3.9 billion until July 6. Since mid-August, the ECB has lowered the The ECB says

    9%

  4. Unpopular but effective property tax returns for another year

    EconomyMacroeconomy

    Minister Giorgos Houliarakis recently said that 6 million households will pay the same or even lower... of the year, around 6 billion more than those (22.4 billion) collected in the first half. ENFIA

    9%

  5. Greek women in crisis
    Photo by Dimitris Skalakis/Fosphotos

    Agora

    ). Additionally, they have a right to take a further 6 months of maternity leave, receiving a basic benefit... of 10 months of maternity leave (the 4 months plus the 6 provided by the state). A few years later

    9%

  6. New attempt to get Cyprus talks back on track
    Photo by Andrea Bonetti/Fosphotos

    PoliticsForeign Policy

    , the cabinet approved the contracts for the third round of oil and gas tenders for blocks 6, 8 and 10... and Italy’s Eni and France’s Total for block 6. Eni also won block 8. Nicosia is worried about

    9%

  7. Ankara directs ire at Athens over ruling on soldiers as Cyprus talks drift
    Photo by Andrea Bonetti/Fosphotos

    PoliticsForeign Policy

    , including block 6, for seismic research and military exercises with live ammunition. Block 6

    9%

  8. General govt primary cash surplus at 5.34 bln in nine-month, sharp fall in arrears
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    were seen in local government (-17 million), state budget (-11 million) and hospitals (-6 million... falls were seen in non-gg entities (-17 million) and gg entities (-6 million). Bank-related guarantees

    9%

  9. Final budget sees strong growth, fiscal overperformance in 2018
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    not outpace imports by as much as initially thought. Exports rose by 6.9 percent but imports also grew by 6... from 6.17 billion in 2017. Interest payments will drop from 6 billion this year to 5.2 billion next

    9%

  10. Budget primary surplus at 4.65 bln in 11-month on lower expenditure
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in indirect taxes by 5.4 percent. Within this category, consumption tax rose by 6 percent and VAT... outperformance ranging between 38 and 66 million euros. Revenues from VAT increased by 6 percent

    9%