Category: economy

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There will be no pension cuts, Greek FinMin tells Parliament

There will be no pension cuts, Greek Finance Minister Euclid Tsakalotos said on Thursday, adding that the country will return to capital markets.  Speaking in Parliament, during a debate on the 2019 draft budget plan, Tsakalotos strongly criticised the main opposition New Democracy party for investing in disaster and national division.  The Finance Minister said […]

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Greece Lifts Cash Withdrawal Restrictions

Bank account holders in Greece are now free to withdraw any amount of cash from ATM machines and banks, following a Finance Ministry announcement on Thursday. Implemented in 2015 to prevent banks from collapsing, the capital controls limited cash withdrawals from Greek bank ATMs. The finance ministry decision foresees: -limitless cash withdrawals (from the current […]

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Greek real estate market shows signs of recovery, RE/MAX survey

The Greek real estate market has begun showing signs of recovery, leaving the worst of the crisis behind, as citizens are increasingly showing more confidence in the real estate market – once the steam engine of the economy – RE/MAX Greece said in a nationwide rental survey released on Tuesday. The survey showed that rental […]

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Greece tops OECD tax chart

The policy of overtaxation sets Greece apart from most countries, the majority of which have been going in the opposite direction, reducing the burden on taxpayers and enterprises to boost growth and competitiveness. Taxes and social security contributions have jumped in Greece in recent years, especially in 2015 and 2016, taking it to the top […]

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Dijsselbloem: “Greece is obviously not a success story”

Eurozone countries have asked for too much from the Greek people in return for international bailout loans, former Eurogroup chief Jeroen Dijsselbloem said in an interview on Dutch television on Saturday. “On reforms, we have asked a lot from the Greek people, too much,” Dijsselbloem told current affairs program Nieuwsuur. “Reforms are hard enough to […]

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