VAT revenues up in 2016 but rate hikes fail to close gap of 29 pctEconomyFeatures
The European Commission's VAT Gap report has revealed that high rates of VAT in Greece appear to have fed tax avoidance rather than close the gap between expected and actual revenues.
Mixed picture for government after first day of talks with creditorsEconomyProgramme
A mixed picture emerged following the first day of talks between Greek government officials and the institutions’ mission chiefs in Athens as part of the post-programme visit by the lenders, which began on Monday.
No final word on pension cuts as lenders prepare for return to Athens next weekEconomyProgramme
Ahead of the institutions returning to Athens next week for their first post-programme visit, the Greek government has been given some encouragement in its bid to avoid the pension cuts that are due to be implemented next year.
Economic sentiment remains stable as retail confidence materially improvesEconomyMacroeconomy
Greece’s economic sentiment (ESI) remained broadly unchanged in August dropping by 0.1 points to 105.2 following a rise of 2.8 points in July, European Commission (EC) figures revealed on Monday.
Focus turns to first post-MoU visit by creditors and talks on pension cutsEconomyProgramme
Greece’s post-programme era, which officially began on Tuesday, is to start in earnest on September 10, when the institutions are due to return to Athens for the first round of discussions with the government.
Last bailout tranche just days away as pension discussion loomsEconomyProgramme
All the hurdles have been cleared for Greece to receive the last tranche of the third and final bailout as focus shifts to the discussions that Athens is due to have with the institutions in the coming weeks, particularly on the issue of next year’s pension cuts.
Economic sentiment reaches 105.3 in July, highest since June 2014EconomyMacroeconomy
Greece’s economic sentiment (ESI) rose by 2.8 points to 105.3 versus the reading of 102.5 in June, European Commission (EC) figures revealed on Monday.
Deposits inflows in June reach 1.36 bln for fifth month of positive readingsEconomyMacroeconomy
Net deposit movement in the Greek banking system remained positive with inflows of 1.36 billion in June, building on inflows of 919.4 million in May, Bank of Greece (BoG) figures revealed on Wednesday.
IMF sets date for Article IV and DSA as markets mull Greek bondsEconomyProgramme
International Monetary Fund officials are due to meet on July 27 to discuss the Article IV review regarding Greece and the latest debt sustainability analysis (DSA) put together by the Washington-based organisation, which is being keenly anticipated by investors as Athens prepares for another possible bond issue.
Commission sets out parameters for post-programme enhanced surveillanceEconomyProgramme
The European Commission announced on Wednesday that everything is in place for the enhanced surveillance framework to be adopted after the third programme is completed on August 20.