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Taxes
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EconomyProgramme
Institutions back in Athens to resume review, agree new measures After a stalemate of more than 2.5 months, discussions between the Greek government and the institutions’ mission chiefs are due to resume in Athens on Tuesday.
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EconomyMacroeconomy
Budget primary surplus at 1 bln in Jan as tax revenues outperform The budget primary surplus was confirmed at 1.02 billion euros in the first month of 2017 broadly stable from last year, according to the Finance Ministry (MoF) final budget execution bulletin published on Friday.
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EconomyProgramme
Athens grapples with awkward reduction of tax-free threshold Discussions between the institutions and Greece, which are due to resume in Athens next week, will, among other issues, focus on plans to reduce the tax-free threshold for personal incomes.
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EconomyMacroeconomy
Budget execution starts 2017 with primary balance outperformance on target-beating revenues The budget primary balance recorded a surplus of 1.02 billion euros in the first month of 2017, broadly similar to that posted a year ago, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Tuesday.
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EconomyMacroeconomy
European Commission positive on Greece's macro and fiscal prospects Greece is showing signs of recovery and its economy is expected to strongly rebound as of 2017 if the second programme review is completed, the European Commission (EC) notes in its winter economic forecasts published on Monday.
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PoliticsGreek Politics
Lenders to put onus on Tsipras with offer to wrap up review It appears that Greece’s lenders are set to make an attempt to break the deadlock in the bailout review before a cycle of elections in a series of eurozone member states, starting with the Netherlands in March, begins.
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EconomyProgramme
IMF examines how Greece accumulated large pile of unpaid taxes and contributions The issue of Greece’s exceptionally high tax and social security debt is discussed in an International Monetary Fund paper published with the release of the Article IV consultation and ex-post evaluation earlier this week.
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PoliticsGreek Politics
Athens waits for move from lenders to get review going While some reports in Athens claim that Eurogroup president Jeroen Dijsselbloem is making behind-the-scenes efforts to bring Greece’s lenders closer together and organise a meeting with the Greek government to break the deadlock in the review, there was no word from the coalition on Wednesday.
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EconomyProgramme
Tsakalotos and Stournaras raise objections to IMF assumptions The Article IV consultation report on Greece published by the International Monetary Fund on Tuesday evening included letters by the Greek Finance Minister Euclid Tsakalotos and Bank of Greece governor Yannis Stournaras, which both outlined their disagreement on certain assumptions and comments in IMF’s debt sustainability analysis (DSA) and ex-post evaluation report.
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EconomyProgramme
IMF sees much scope for reform progress, particularly on tax in Article IV report Despite the significant progress made so far, Greece faces fundamental challenges such as vulnerable public finances, notable tax evasion and ineffective tax administration, impaired bank balances sheets and pervasive structural obstacles to investment and growth, the International Monetary Fund’s Article IV consultation report concludes.