Greece
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Ministry of Finance

Greece Commits to Post-Bailout Actions

Greece has committed to five important fiscal actions for after the end of the bailout program in August, while the new omnibus bill to be ratified in parliament on Thursday includes some relief measures for taxpayers. According to a Kathimerini...

Anarchists Storm Ministry of Finance in Athens

A group of around 30 people believed to be members of the Greek anarchist group Rouvikonas (Rubicon) stormed the Finance ministry in the center of Athens. The group entered the main entrance of the building at Nikis Street and reached...

Greek Government Rushes to Close Evaluation, Sign Fourth Memorandum

A draft of the fourth Memorandum of Understanding between Greece and international creditors which includes unpopular austerity measures is at the Ministry of Finance. The new agreement that Athens has to sign in order to close the second evaluation of...

Primary Budget Surplus High, But Security Funds Strapped for Cash

The primary budget surplus for the period January-November 2014 more than doubled from last year, however, social security funds are showing a significant deficit. According to figures released by the Ministry of Finance Thursday, the social security pension fund deficit...

Greek Tax Revenue Misses Target

Greek tax revenue for the January-November 2014 period missed its target by 678 million euros, which is attributed to the significant reduction in income tax collection (at 416 million euros), according to data published by the Finance Ministry yesterday. In addition,...

German FinMin: No Bilateral Agreement on Further Support to Greece

Greece and Germany have not concluded to any new bilateral agreement on further support to Greece after the recent meeting of the Greek Finance Minister, Gikas Hardouvelis, with his German counterpart Wolfgang Schaeuble on Wednesday, clarified the Ministry of...

Greek Primary Surplus Rises to 2.5 Billion Euros

The Greek Finance Ministry said on Tuesday that during the first nine months of the year (January–September) the primary budget surplus is 2.532 billion euros, sharply up from the budget target for a surplus of 1.551 billion, but slightly down...

Tax Evasion Remains Troubling Problem for Greece

Tax evasion still hounds the Greek economic recovery, despite extensive measures taken by the Greek Ministry of Finance to reign in the problem. According to the Greek newspaper Imerisia, the turnover from tax evasion and illegal import-export of industrial products, fruits,...

Law on Overdue Tax and Social Security Debts Postponed

Legislative measures that will allow for a new restructuring of overdue tax and social security debts has been postponed until next week as Greek and Troika officials are still hammering out the details. However, this delay seems devastating in terms...

Greeks Are Keen on Revenge, Especially in Financial Matters

"Our lines are currently busy. Please wait..." This is the automated message that greets you when you dial 1517, a special telephone service used to report tax evasion. In 2008, the service's first year of operation, just 4,000 Greeks dialed 1517...