Greece
Economy
Greece's Creditors Concerned over Scrapping of Counter-Measures for Tax-Free Ceiling Reduction
Greece's EU creditors see the cancellation of the counter-measures that were to accompany the scrapping of the reduction of the tax-free ceiling as problematic, a Kathimerini report says.
The aim of the reduction of the tax-free ceiling measure that was...
Economy
New Austerity Measures for Greece Include Pension Cuts, Lower Tax-Free Income
The Greek government on Tuesday agreed with international creditors on new austerity measures in order to close the second review of the bailout program, which also paves the way for talks on debt easing.
According to sources close to the...
Economy
Greece to Propose Lowering Tax-Free Threshold to Avoid Pension Cuts
Greece is to lower the tax-free threshold for low incomes in order to close the evaluation of the bailout program, a Kathimerini report says.
The proposal for lowering the tax-free threshold to incomes of 6,000 euros per year and above...
Economy
Greek FinMin Tsakalotos: Measures Agreed With Lenders Will be Legislated in Coming Weeks
Following a meeting with eurozone finance ministers in Malta on Friday, Greek Finance minister Euclid Tsakalotos said that the country will be legislating the fiscal measures agreed on with its international creditors in the weeks to come, as reported...
Economy
New Government Overhauls Greek Tax System
The new Greek government is preparing an overhaul of the tax system, starting with a Large Property Tax (LPT) that will include real estate, bank deposits, luxury goods, works of art, with a tax-free threshold of 300,000 euros, and...
Economy
PM Tsipras Confirms Greece Plans To Repay IMF Loans Earlier
Greek Prime Minister Alexis Tsipras announced on Monday that Greece plans to repay its more expensive IMF loans earlier than it needs to, in order to ''create favorable conditions for its economy.''
According to officials, Greece plans to repay the...
Economy
IMF to Greece: Implement Agreed-Upon Cuts
The necessity of the implementation of cuts already agreed to by the Greek government, including pension cuts and the lowering of the tax-free income threshold, was reiterated by the International Monetary Fund’s spokesperson in Washington.
Gerry Rice said that it...
Diplomacy
OPINION: 'Macedonia' Issue is a Smokescreen for New Greek Austerity
The fact that the Greek government opened the controversial issue of the naming of the Former Yugoslav Republic of Macedonia (FYROM) at a time when creditors were pressuring Athens to implement reforms was suspicious from day one.
Athens had agreed with creditors...
Economy
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...
Economy
IMF: Greece Should Broaden Tax Base
Greece should consider broadening its tax base and possibly accelerate lowering the threshold for tax-free incomes for 2019 instead of 2020, said IMF Director for European Affairs Poul Thomsen on Friday.
Speaking during the International Monetary Fund and World Bank...
Economy
Greece has to Implement 82 Prerequisites for Successful Bailout Review
Greece has to implement 82 "difficult" prerequisites in order to successfully complete the third and fourth review of the bailout program, a Kathimerini newspaper report says.
The Supplemental Memorandum of Understanding, and the technical memorandum accompanying it, has specified in...
Economy
EU Official: Too Early for Greece to Speak of "Clean Exit" from Bailout Program
Declan Costello, the European Commission mission chief for Greece's bailout program, said on Tuesday that it is too early for Athens to speak of a "clean exit" from the rescue agreement.
Speaking at the American-Hellenic Chamber of Commerce, the Irish...
Economy
Greece Foresees 3.82 Percent Primary Surplus, 2.5 Percent Growth for 2018
The Greek 2018 state budget tabled on Tuesday night in Parliament foresees that the country will return to capital markets next year to strengthen liquidity in the secondary bond market.
The budget plan envisages, among others, a new series of...
Economy
Nationwide Strike in Greece While Parties Clash over Austerity Measures in Parliament
A nationwide strike has paralyzed Greece on Wednesday, while in parliament government and opposition parties have started a heated discussion over the new austerity measures tabled for voting.
Train, bus, ferry and airline services are disrupted while private and public...
Economy
Greeks Called Upon to Pay €4.5 Bln in New Austerity Measures
Greek taxpayers and pensioners are called upon to pay over 4.5 billion euros after the reduction of the tax-free income and pension cuts in order for the government to close bailout program review.
Specifically, the lowering of the tax-free threshold...