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  1. Budget primary shows deficit of 7.01 bln in September
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the final Finance Ministry (MoF... during the first nine months of the year. Personal income tax (PIT) was below target by 763 million

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  2. Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence

    Agora

    Greece is celebrating the 200th anniversary of its war of independence, which began in 1821 and allowed Greeks to free themselves of Ottoman rule and oppression, and form their own nation-state. To mark this occasion, we spoke to Sakis Gekas, the Hellenic Heritage Foundation (HHF) Chair of Modern

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  3. General govt primary cash deficit at 7.01 bln in Sept, arrears up by 113 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s general government (gg) primary cash deficit came to 7.01 billion euros in the first nine months of the year compared to a surplus of 4.53 billion in the same period last year, according... at a deficit of 7.01 billion euros. The budget primary balance for the same time last year came

    56%

  4. Budget primary shows deficit of 7.01 bln as revenues suffer in September

    EconomyMacroeconomy

    The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for September showed on Thursday. The primary surplus was below its

    49%

  5. Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average
    Photo by MacroPolis

    EconomyMacroeconomy

    of 24.5 percent. In contrast, taxes on corporate income to GDP fell from 2.1 percent in 2011 to 1.1... fell from 35.2 percent in 2010 to 32 percent in 2012 yet remained well above the EU average of 26.2.... In measuring the performance of VAT, the OECD provided the VAT revenue ratio (VRR) as a comparative

    39%

  6. Labour compensation and productivity in the EU-27 and Greece
    Photo by Giannis Papanikos/Fosphotos

    Agora

    and only the distribution of income would change, not output per person or productivity. Yet, we would... by about 1.1 percent compounded annual rate, from almost 28 euros in 2000 to just over 35 euros per... in the EU-27 and in Greece, and linking this to wages. In blog 6 we noted that measuring productivity

    35%

  7. Productivity developments in the Greek public and private sector
    Photo by MacroPolis

    Agora

    . What we had not yet demonstrated to our readers is evidence that productivity growth in the public... line of argument. Measuring productivity and productivity growth in the government sector... of quality and prices and volumes all the time, hence measuring private sector efficiency and productivity

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  8. Greece - Some structural macroeconomic arithmetic
    Photo by MacroPolis

    Agora

    emerges? We can give some hints at this, too. Consider fiscal policy. Greece has signed up... growth are intuitive, but measuring their size is not easy—they are not directly observable

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  9. Athens ponders Syria shake-up with particular focus on Turkey

    PoliticsForeign Policy

    a common position on Syria yet, which explains to a great extent the reasons why the EU’s new diplomatic chief Kaja Kallas participated on Saturday at a meeting of Arab Foreign Ministers in Jordan. “We want

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  10. Athens seeks talks with Erdogan as Turkey steps up diplomatic activity in region
    Image: https://www.primeminister.gr/

    PoliticsForeign Policy

    to the possibility of such a meeting on Tuesday. In a TV interview, he said the exact date has not yet been... objections to the 2019 Turkey-Libya memorandum. The EU’s chief diplomat Kaja Kallas said the memorandum

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