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Economy

Staikouras: More targeted policies will be adopted if needed

In an interview with ERT, Finance Minister Christos Staikouras said that if needed, the government will announce further targeted policies and assured that the country’s cash reserves are sufficient for the next two to three months, without “needing to use the ‘security cushion’. He also ruled out a reduction in public sector wages, based on…

Eurogroup deadlocked- Continues on Thursday

Eurogroup Chairman Mario Centeno announced today that no agreement had been reached on a common European economic response to the impact caused by the coronavirus pandemic, even though the negotiations continued throughout the night,…

The Eurogroup is looking for a compromise package of measures

The Eurogroup, which will meet today via teleconference, will seek a compromise on the European package of measures to address the major economic impact of the coronavirus. Following Germany and the Netherlands’ rejection of the…

Tax inspectors set to focus on rich taxpayers and big firms

The tax administration is embarking on a series of inspections of wealthy taxpayers and major enterprises. It is primarily targeting cases going back over the last three to five years that are of greater tax collection interest due to the…

Cash that could have softened austerity

In the fall of 2013, an International Monetary Fund official stunned a number of Greek officials from state entities and ministries in central Athens by telling them that, according to his calculations, the general government must have had…