The situation in Greece is a lot worse than it looks
(Reuters) – After a tumultuous year of two elections, a referendum, a default, a bank shutdown, capital controls and a tidal wave of migrants, it’s […]
ECONOMY
A Greek bank tragedy
Greek Policy Forum — The recent attempt to cover the needs of Greek banks in fresh capital via a mix of a private and public […]
Greek MPs approve 2016 state budget, new austerity measures ahead
Greece’s parliament has narrowly approved the 2016 budget that includes sharp spending cuts and some tax increases amid economic recession. The budget was passed with […]
Greeks face highest tax burden in OECD
eKathimerini — Taxpayers in Greece shoulder a higher tax burden than their counterparts in other member-states of the Organization for Economic Cooperation and Development, according […]
Competition watchdog fines Athenian Brewery for unfair practices
AFP — Greece’s state competition watchdog on Tuesday imposed a 31.5-million-euro ($33.5-million) fine on the country’s main beer distributor Athenian Brewery, a Heineken subsidiary, over […]
Card commission to go down from next week
The average commission commercial businesses pay to banks for card transactions will soon drop to below 1 percent from the current average rate of 1.2-1.5 […]
Greece aims for debt relief deal in Feb 2016 after reforms done
Reuters — Greece wants a deal on debt relief with its euro zone creditors in February to remove financial uncertainty and spur economic recovery, its […]
Ten EU nations say Nord Stream gas extension not in EU interests
eKathimerini — Russia’s plans to extend its gas link to Germany run counter to EU interests and risk further destabilising Ukraine, 10 European governments said […]
Greece knew of ‘new’ list of tax evaders for three years
Greek Reporter — The new list of Greek taxpayers’ bank accounts abroad that the Greek government just received from Germany may not be so new […]
How Greek shipowners talk up their role, and why that costs Athens millions
Reuters — The magnates who run one of the biggest merchant marine fleets in the world have long argued that if Greece tried to tax […]
Germany gives Greece names of 10,000 citizens suspected of dodging taxes
The Guardian — Germany has handed Athens the names of more than 10,000 of its citizens suspected of dodging taxes with holdings in Swiss banks. […]
Disposable income shrinks twice as fast as GDP
eKathimerini — Despite the major decline in disposable incomes, Greece remains among the most expensive countries in Europe in dozens of products and services. For […]
Greece set to get 2-billion-euro loan installment
The Eurogroup Working Group (EWG), comprising the finance ministers of the eurozone countries, reviewed Greece’s progress on reforms on Saturday. “On the basis of a […]
Government presents recessionary budget to parliament
Sputnik – According to a Friday statement from the finance ministry, the final economic forecasts are more optimistic and there will be no contraction in 2015. The preliminary […]
Recap offers are oversubscribed
eKathimerini — National and Alpha Banks are likely to announce the successful completion of their share capital increases on Thursday, following Eurobank’s announcement on Wednesday […]