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  • Asking Greece to stack more austerity measures ignores past failings | MacroPolis
    percent of GDP equally split between revenues and cuts 2 4 billion euros on each side Page 10 Papandreou s government had committed to 14 4 billion euros of fiscal consolidation and it was not even the end of the first quarter of the year When Greece signed the first programme with the eurozone and the IMF in May 2010 it committed to applying an additional 2 4 percent of GDP of measures by the end of the year on top the existing interventions Table 5 That brings the total fiscal effort of 2010 to a phenomenal 20 1 billion euros split between 9 9 billion in revenue measures and 10 2 billion euros in spending cuts This dispels another popular misconception that the austerity policies adopted by the government were mostly geared toward raising taxes In the meantime the deficit of 2009 had been twice revised upwards by Eurostat to 15 4 percent by November pushing up the starting point of Greece s fiscal effort by an extra 3 percent of GDP Based on the memorandum with the troika Greece tabled a 2011 budget that had an additional 9 2 billion in measures this time mostly depending on the revenue side with 6 6 billion euros coming from various tax increases and 2 6 from spending cuts Table 2 3 Following the revision of the 2009 deficit the almost 20 billion euro austerity dose of 2010 reduced the deficit to 9 4 percent of GDP The initial plan was that the 9 billion euros of austerity in 2011 would reduce the deficit by 4 9 billion euros to 17 billion 15 3 billion of that or 6 7 percent amount was interest payments up from 14 2 billion in 2010 Excluding the interest obligations Greece was hoping to reach a primary deficit of just 1 7 billion euros Table 2 2 Greece s programme started going off track early in 2011 when it became apparent that the volume and intensity of the austerity was stifling the economy and all assumptions were going out of the window Off track But 2010 set the tempo and the policy of stacking more measures was established In June 2011 and then in October of the same year Greece committed to an additional 7 5 billion euros of further austerity Table 9 Greece found itself running just to remain in the same spot in 2011 The Commission described the volume of austerity as follows most of the measures effectively served to counteract the upward drift in expenditure and downward pressure on revenue The former mainly results from an automatic trend increase in several large spending components such as pensions and healthcare the latter mainly stems from the recession but possibly also a deterioration in tax compliance The measures in 2011 reached a total of almost 17 billion euros which combined with the 20 billion of 2010 brought the total bill in the first two years of adjustment to over 37 billion euros of measures

    Original URL path: http://www.macropolis.gr/?i=portal.en.the-agora.3929 (2016-04-27)
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  • Mitsotakis takes first step in remoulding New Democracy | MacroPolis
    Subscribe Free Mobile Apps Subscribers can receive our weekly newsletter and flash analysis on mobile phones and tablets Just click to download Apple Store Google Play Store Tweets by MacroPolis gr Most Popular Week Month Year Eurogroup decision on contingent measures debt leave Tsipras with tough task at home 22 04 2016 Bailout talks inch forward as Juncker comments complicate matters 20 04 2016 Pension and income tax reform bill sets out 4 4 bln in new measures 25 04 2016 Greek 2015 primary surplus at 0 7 of GDP under programme method as Athens looks for boost 21 04 2016 Demand for hospitals reserves raises concerns about govt s liquidity position 25 04 2016 Eurogroup decision on contingent measures debt leave Tsipras with tough task at home 22 04 2016 Greece seeks to finalise 1 pct of GDP in new tax measures to close review 06 04 2016 Leaked IMF exchange sours mood before bailout review resumes 04 04 2016 Range of issues unresolved as programme talks resume in Athens 04 04 2016 Four in 10 Greek firms thinking about moving abroad survey shows 06 04 2016 Tsipras raises debt relief at UN but refugee crisis may prove more

    Original URL path: http://www.macropolis.gr/?i=portal.en.politics.3928 (2016-04-27)
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  • Eurogroup decision on contingent measures, debt leave Tsipras with tough task at home | MacroPolis
    You have to subscribe in order to view the article Subscribe Free Mobile Apps Subscribers can receive our weekly newsletter and flash analysis on mobile phones and tablets Just click to download Apple Store Google Play Store Tweets by MacroPolis gr Most Popular Week Month Year Eurogroup decision on contingent measures debt leave Tsipras with tough task at home 22 04 2016 Bailout talks inch forward as Juncker comments complicate matters 20 04 2016 Pension and income tax reform bill sets out 4 4 bln in new measures 25 04 2016 Greek 2015 primary surplus at 0 7 of GDP under programme method as Athens looks for boost 21 04 2016 Demand for hospitals reserves raises concerns about govt s liquidity position 25 04 2016 Eurogroup decision on contingent measures debt leave Tsipras with tough task at home 22 04 2016 Greece seeks to finalise 1 pct of GDP in new tax measures to close review 06 04 2016 Leaked IMF exchange sours mood before bailout review resumes 04 04 2016 Range of issues unresolved as programme talks resume in Athens 04 04 2016 Four in 10 Greek firms thinking about moving abroad survey shows 06 04 2016 Tsipras raises

    Original URL path: http://www.macropolis.gr/?i=portal.en.politics.3922 (2016-04-27)
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  • Significant fall in migrant arrivals but camp conditions a growing concern | MacroPolis
    view the article Subscribe Free Mobile Apps Subscribers can receive our weekly newsletter and flash analysis on mobile phones and tablets Just click to download Apple Store Google Play Store Tweets by MacroPolis gr Most Popular Week Month Year Eurogroup decision on contingent measures debt leave Tsipras with tough task at home 22 04 2016 Bailout talks inch forward as Juncker comments complicate matters 20 04 2016 Pension and income tax reform bill sets out 4 4 bln in new measures 25 04 2016 Greek 2015 primary surplus at 0 7 of GDP under programme method as Athens looks for boost 21 04 2016 Demand for hospitals reserves raises concerns about govt s liquidity position 25 04 2016 Eurogroup decision on contingent measures debt leave Tsipras with tough task at home 22 04 2016 Greece seeks to finalise 1 pct of GDP in new tax measures to close review 06 04 2016 Leaked IMF exchange sours mood before bailout review resumes 04 04 2016 Range of issues unresolved as programme talks resume in Athens 04 04 2016 Four in 10 Greek firms thinking about moving abroad survey shows 06 04 2016 Tsipras raises debt relief at UN but refugee crisis

    Original URL path: http://www.macropolis.gr/?i=portal.en.politics.3919 (2016-04-27)
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  • Disposable income edges up by 0.2 pct in Q4 on second straight rise in compensation of employees | MacroPolis
    on Tuesday You have to subscribe in order to view the article Subscribe Free Mobile Apps Subscribers can receive our weekly newsletter and flash analysis on mobile phones and tablets Just click to download Apple Store Google Play Store Tweets by MacroPolis gr Most Popular Week Month Year Eurogroup decision on contingent measures debt leave Tsipras with tough task at home 22 04 2016 Bailout talks inch forward as Juncker comments complicate matters 20 04 2016 Pension and income tax reform bill sets out 4 4 bln in new measures 25 04 2016 Greek 2015 primary surplus at 0 7 of GDP under programme method as Athens looks for boost 21 04 2016 Demand for hospitals reserves raises concerns about govt s liquidity position 25 04 2016 Eurogroup decision on contingent measures debt leave Tsipras with tough task at home 22 04 2016 Greece seeks to finalise 1 pct of GDP in new tax measures to close review 06 04 2016 Leaked IMF exchange sours mood before bailout review resumes 04 04 2016 Range of issues unresolved as programme talks resume in Athens 04 04 2016 Four in 10 Greek firms thinking about moving abroad survey shows 06 04 2016

    Original URL path: http://www.macropolis.gr/?i=portal.en.economy.3932 (2016-04-27)
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  • Demand for hospitals' reserves raises concerns about govt's liquidity position | MacroPolis
    subscribe in order to view the article Subscribe Free Mobile Apps Subscribers can receive our weekly newsletter and flash analysis on mobile phones and tablets Just click to download Apple Store Google Play Store Tweets by MacroPolis gr Most Popular Week Month Year Eurogroup decision on contingent measures debt leave Tsipras with tough task at home 22 04 2016 Bailout talks inch forward as Juncker comments complicate matters 20 04 2016 Pension and income tax reform bill sets out 4 4 bln in new measures 25 04 2016 Greek 2015 primary surplus at 0 7 of GDP under programme method as Athens looks for boost 21 04 2016 Demand for hospitals reserves raises concerns about govt s liquidity position 25 04 2016 Eurogroup decision on contingent measures debt leave Tsipras with tough task at home 22 04 2016 Greece seeks to finalise 1 pct of GDP in new tax measures to close review 06 04 2016 Leaked IMF exchange sours mood before bailout review resumes 04 04 2016 Range of issues unresolved as programme talks resume in Athens 04 04 2016 Four in 10 Greek firms thinking about moving abroad survey shows 06 04 2016 Tsipras raises debt relief at

    Original URL path: http://www.macropolis.gr/?i=portal.en.economy.3926 (2016-04-27)
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  • Pension and income tax reform bill sets out 4.4 bln in new measures | MacroPolis
    to view the article Subscribe Free Mobile Apps Subscribers can receive our weekly newsletter and flash analysis on mobile phones and tablets Just click to download Apple Store Google Play Store Tweets by MacroPolis gr Most Popular Week Month Year Eurogroup decision on contingent measures debt leave Tsipras with tough task at home 22 04 2016 Bailout talks inch forward as Juncker comments complicate matters 20 04 2016 Pension and income tax reform bill sets out 4 4 bln in new measures 25 04 2016 Greek 2015 primary surplus at 0 7 of GDP under programme method as Athens looks for boost 21 04 2016 Demand for hospitals reserves raises concerns about govt s liquidity position 25 04 2016 Eurogroup decision on contingent measures debt leave Tsipras with tough task at home 22 04 2016 Greece seeks to finalise 1 pct of GDP in new tax measures to close review 06 04 2016 Leaked IMF exchange sours mood before bailout review resumes 04 04 2016 Range of issues unresolved as programme talks resume in Athens 04 04 2016 Four in 10 Greek firms thinking about moving abroad survey shows 06 04 2016 Tsipras raises debt relief at UN but refugee

    Original URL path: http://www.macropolis.gr/?i=portal.en.economy.3925 (2016-04-27)
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  • Press freedom ranking edges up but Tsipras yet to deliver, report finds | MacroPolis
    found You have to subscribe in order to view the article Subscribe Free Mobile Apps Subscribers can receive our weekly newsletter and flash analysis on mobile phones and tablets Just click to download Apple Store Google Play Store Tweets by MacroPolis gr Most Popular Week Month Year Eurogroup decision on contingent measures debt leave Tsipras with tough task at home 22 04 2016 Bailout talks inch forward as Juncker comments complicate matters 20 04 2016 Pension and income tax reform bill sets out 4 4 bln in new measures 25 04 2016 Greek 2015 primary surplus at 0 7 of GDP under programme method as Athens looks for boost 21 04 2016 Demand for hospitals reserves raises concerns about govt s liquidity position 25 04 2016 Eurogroup decision on contingent measures debt leave Tsipras with tough task at home 22 04 2016 Greece seeks to finalise 1 pct of GDP in new tax measures to close review 06 04 2016 Leaked IMF exchange sours mood before bailout review resumes 04 04 2016 Range of issues unresolved as programme talks resume in Athens 04 04 2016 Four in 10 Greek firms thinking about moving abroad survey shows 06 04 2016 Tsipras

    Original URL path: http://www.macropolis.gr/?i=portal.en.society.3911 (2016-04-27)
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