Euclid Tsakalotos

Alexis Tsipras is attempting to organise an autarchic party with a hegemonic leader along the lines of Pasok’s model of governance in the 1980’s under Andreas Papandreou.

This government pledged much that it did not do and did much that it had not told us about. Still, one cannot but note its obsession with the sterile policy of benefits and pledges to everyone, with zero results.

According to data provided by Greek banks, the unpaid portion of about 70 percent of home loans for the purchase of a primary residence is less than 100,000 euros, whereas the unpaid portion of 85 percent of non-performing loans is on average 150,000 euros.

An economy does not build endurance with triumphant declarations and self-deceptions, of the kind one has tragically witnessed in the recent past.

While the delay in disbursing the 1bn euro tranche will not impact directly on the economy it sends a strong signal to Athens about the inadvisability of unilateral fiscal moves.

The government exempted the Onassis Foundation and enterprises associated with it from the Special Real Estate Tax, which represents 15 percent of the tax valuation of a property.

Investors' bids on a new Greek 10-year bond issue exceeded 11.3 billion euros

All opinion polls indicate that the basic worry of citizens is the economy and not which politicians will join SYRIZA in a political front after the PM’s invitation.

'We should go together and say in a Europe that has taken a lesson from the rise of the radical right and populist forces that such high primary surplus targets only feed into discontent.'

'Much of the out-performance has come from deep cuts in public investment, which would normally be a critical driver for economic growth,' the FT report underlined.

the final state budget will be drafted without a provision for pension cuts, given the fact that a projection of a 3.5% primary surplus in 2019 was ensured.

Despite the mixed signals from creditors, which Tsakalotos recognised, he said that, “We have the fiscal space not to cut pensions [as of 1 January, 2019] and not lower the tax-free threshold [as of 1 January 2020].