Category: economy

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Greek economy can endure a possible second lockdown, FinMin says

The Greek economy can endure a possible second lockdown, Finance Minister Christos Staikouras said on Tuesday. In comments made to SKAI TV, Staikouras added that the government has not so far revised its estimate for an 8.0 pct economic recession this year, but warned that there was serious uncertainty on this score, since the data […]

Huge losses from VAT evasion

Every five years the Greek state misses out on value-added tax takings equal to the amount it is eagerly anticipating from the Next Generation EU fund. VAT evasion in Greece is among the highest in the European Union, and this has not changed in recent years, although there has been some containment in years when VAT rates […]

Greek gov’t has three economic priorities, FinMin says

The Greek government will announce this week when it will disburse 1.4 billion euros in retroactive pension payments to pensioners, Finance Minister Christos Staikouras said on Tuesday. In comments made to ERT1 state TV station, Staikouras noted that the Prime Minister will present a “realistic basket” of economic measures in Thessaloniki.  “We must balance three […]