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Taxes
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EconomyMacroeconomy
Pension policy U-turn highlights government’s election concerns There are increasing signs that the upcoming elections are playing a dominant role in the Greek government’s decision‑making process, and last week’s decision to scrap an intervention on bereavement support (known in Greece as “widows’ pensions”) sends a strong signal that the prospect of calling snap polls after the summer is not a remote possibility.
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Economy
Housing costs, food prices set limits to impact of tax cuts The Greek government’s efforts to shift the narrative and change its political fortunes are crashing against the realities on the ground as reflected in the frequent data releases from Eurostat and ELSTAT.
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EconomyMacroeconomy
Growth treads water as PM targets relief for households Ahead of the PM’s recent keynote speech and extensive press conference at the Thessaloniki International Fair, ELSTAT released the latest set of GDP data for Q2, where the Greek economy’s annual growth slightly moderated to 1.7 pct year-on-year (YoY), from a 2.1 pct YoY rise in Q1.
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PoliticsGreek Politics
Government defends tax-cut package against opposition criticism Opposition parties have set to the task of picking apart the government’s Thessaloniki International Fair package, which PM Kyriakos Mitsotakis described as the biggest tax reform in recent history.
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PoliticsGreek Politics
Mitsotakis delivers major tax-cut package as he seeks to stay course for another term Prime Minister Kyriakos Mitsotakis has presented a long-anticipated and much-advertised set of tax cuts aimed at setting his ruling New Democracy party on course for a third parliamentary majority after witnessing a decline in support over the last few months.
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PoliticsGreek Politics
PM finalises relief measures in ambitious but risky move to sway voters Prime Minister Kyriakos Mitsotakis and his advisers are putting the finishing touches to a package of relief measures that will start at around 1.5 billion euros and, they hope, eventually stretch to 2 billion euros.
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PoliticsGreek Politics
PM prepares to finalise relief package as talk of electoral tweak gathers pace Greek politics is set to resume its normal rhythm again after the peak of the summer holidays over the weekend, and the government’s focus is on winning back support so it can pave a way to a victory in the next general elections, due to be held in less than two years.
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PoliticsGreek Politics
PM set on sharing out more economic benefits in bid to recover support The government’s efforts to turn the media and public’s attention away from the Tempe issue, which dominated the agenda during the first quarter of the year, continues with the promise of more voter-friendly measures to come.
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EconomyMacroeconomy
Several obstacles on narrow fiscal path to new tax cuts The Greek government finds itself under severe pressure following mass protests across the country in relation to the Tempe crash nearly two years ago.
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PoliticsGreek Politics
Mitsotakis looks ahead to tax tweaks for middle class, welcomes back errant MP As 2024 draws to an end, the comments emanating from government officials indicate that much of Prime Minister Kyriakos Mitsotakis’s focus in the New Year will be on reconnecting with middle class voters who feel they have not yet benefited from Greece’s recent economic recovery.