IMF: Greece needs substantial debt relief, surplus targets unrealistic
Reuters — Greece needs substantial relief to render its debt sustainable and help set its ailing economy on a recovery path, the International Monetary Fund […]
ECONOMY
Tax crackdown on Greek isles pays dividend for state
Digital Journal — Greece, under pressure from creditors to improve chronically poor tax collection, has landed a windfall from a cluster of high-end tourist islands, […]
Aegean argues taxes hamper growth in airline sector
eKathimerini — The airline industry is crying foul over government practices that are hampering its growth, with Aegean Air vice chairman Eftychis Vassilakis attributing the […]
August budget data surpass expectations
Reuters – Greece’s central government registered a primary budget surplus of 3.756 billion euros in the first eight months of the year, beating its target […]
Greece’s old reliable: tourism boom helps soothe battered economy
The Guardian — Greek presidents are not given to speaking off the cuff. So when Prokopis Pavlopoulos went off script last week to entreat CNN’s […]
Creditors shoot down proposals as gov’t works on prior actions
eKathimerini — Representatives of Greece’s international creditors ended their exploratory talks in Athens on Friday with serious reservations about a series of policies being promoted […]
ECB denies that central bank backs lower fiscal target for Greece
Reuters — A European Central Bank official commenting on remarks made by a Greek central bank official earlier in the day, denied that it supports a lower […]
Tsipras repeats call for Greek debt relief, seeks bonds in QE
Bloomberg — Prime Minister Alexis Tsipras said Greece will only be able to lure investors once a quarrel between creditors over how to lower the […]
Greek PM promises ‘Light at the end of the tunnel’
NY Times — Prime Minister Alexis Tsipras on Saturday pledged millions of euros in relief for those hit hardest by Greece’s financial crisis and heralded […]
Greece interested in Southern Gas Corridor project, decision up to EU
Sputnik — Greece is interested in building the Southern Gas Corridor gas pipeline to bring Russian gas into southern Europe, but the decision on the matter is in the hands of the […]
Frenchman chosen by lenders to speed up privatisation
eKathimerini — A senior French government official is set to head the board of a new privatisation fund that will be established to speed up […]
Greece ranks 8th in Europe for taxing rental income
Greek Reporter — Greece ranks in 8th place among 42 European nations in taxing income coming from rented properties, says a Global Property Guide report. […]
EU will not release more bailout money for Greece this month – paper
Reuters — The euro zone will not release additional bailout money for Greece at a meeting in Bratislava this month, Germany’s Handelsblatt Global reported on […]
Taxes eat up 44.4% of firms’ annual profits
rKathimerini — Greek enterprises will have to pay taxes totalling more than 4.5 billion euros by the end of the year. They have been sent […]
Greek supermarket chain Marinopoulos agrees restructuring plan with creditors, rival group
Reuters — Greek supermarket operator Marinopoulos on Saturday agreed with its creditors and rival supermarket chain Sklavenitis the terms for restructuring its business, Sklavenitis said, […]