Economy
Economy
Quartet of Representatives Turns Down Again a Government Proposal for a Financial Transaction Tax
In seeking ways to close the “fiscal gap,” the Greek government has proposed to the country’s lenders on at least two different occasions imposing a financial transaction tax. The proposal was rejected both times.
Nonetheless, Greek officials involved in current...
Economy
Success of Greek Program Jeopardized Due to Delays in Evaluation
The success of Greece’s economic reform program is in jeopardy due to the delays in its first review, for which the International Monetary Fund (IMF) is mainly responsible, Finance Minister Euclid Tsakalotos said on Wednesday, during a hearing in...
Economy
ND Spokesman Slams PM About Refugee Issue, Economy and Negotiations
Main opposition New Democracy (ND) spokesman Giorgos Koumoutsakos on Thursday sternly attacked the government at his opening address during a press briefing.
"The country touches point zero. The refugees issue is almost out of control. The real economy is a...
Economy
Tobacco Smuggling: Smoking the Taxes Away
More than 33 million packs of illicit cigarettes have been confiscated in the Greek and Cypriot customs at the end of January by the European Anti-Fraud Office (OLAF) and the General Secretariat against corruption (AFCOS Greece). The two organizations...
Economy
Greek Church On the Verge of Bankruptcy
With its income reduced dramatically and huge amounts of money lost in stocks and assets, Greece's Church might be soon faced with bankruptcy. Many monasteries in Greece will soon be unable to pay their workers whereas some cannot even...
Economy
Pessimism at Athens Stock Exchange As Troika Reviews Greek Bailout Program
The Athens stock market experienced losses following the first meeting between Greek government officials and the country’s creditors, especially since there were no news on the negotiation front.
After a day of light trading, the Athens stock exchange general index...
Economy
Greece Needs Additional Austerity Measures and Reforms to Get Debt Relief, Says ESM Managing Director Klaus Regling
While the voices calling for the “haircut” on the Greek debt are growing ever stronger, European Union (EU) officials remain steadfast, sticking to their position that what is of the utmost importance right now is the implementation of the...
Economy
Tsipras Seeks Clarifications from Lagarde at Davos for WEF
Greek prime Minister hopes to make some good use of his visit at Davos for the Annual World Economic Forum by advancing Greece’s case on debt restructuring, among other things. He will meet both with the IMF’s Managing Director...
Economy
Overdue Debts to Private Sector Still Out of Budget
The payoff of overdue debts to businesses and pensioners is still out of the budget. Up until the end of September the debts have reached nearly 6 billion euros and are estimated to exceed 7 billion euros by the...
Economy
European Central Bank: "Greece Still in Jeopardy of Defaulting"
The European Central Bank (ECB) noted that even though after July Greece's expectations to default diminished, the stakes are still high due to concerns over an early and full implementation of the third bailout program.
For what concerns the Eurozone...