Saturday, October 12, 2013
Browse »
home»
days
»
few
»
last
»
news
»
of
»
the
»
News of the last few days
a) January-June fiscal results:
The government claims that it is exceeding its expectations in reducing the deficit. However, this is only logistical. Increase of tax income is only in 7% and the goal was 13%. What the government is doing to keep deficit in check is not executing the budget in terms of expenses (!). The government is not paying or delays various salaries, internal debts etc plus it has cut down 3 billion from the public investment program.
So deficit is only achieved by not executing properly the expenses.
b) Political mutations:
With the left coalition of SYRIZA collapsing between its internal constituents, a new party is arising (Democratic Left) with mr Kouvelis as the leader. On the right, Mpakoyianni is trying to create a new right party after being separated with the main right party (New Democracy).
c) More taxes and pension reform:
More taxes have been activated (VAT 23% instead of 21% and pension reform has been voted.
d) In real-term economics:
A lot of small-mid businesses are bailing out of the market. The pressure is enormous. There are various quite commercial streets where you can see 10 or 20 shops in close proximity closed. A lot of ordinary people is facing problems in paying their taxes, their insurance or their everyday expenses. On top of that theres the pressure for the loan debts and theres been a constant stream of suicides (>400 per year).
e) Greece-Turkey
There has been a lot of tension lately, including oil research in the Aegean (by Turkey) which traditionally has been a point of extreme tension. Theres also tension through various incidents including airplanes/helicopters/ships, war exercises, rescue operations etc. The Greek side is generally diffusing / downgrading the tension.
News of the last few days
The government claims that it is exceeding its expectations in reducing the deficit. However, this is only logistical. Increase of tax income is only in 7% and the goal was 13%. What the government is doing to keep deficit in check is not executing the budget in terms of expenses (!). The government is not paying or delays various salaries, internal debts etc plus it has cut down 3 billion from the public investment program.
So deficit is only achieved by not executing properly the expenses.
b) Political mutations:
With the left coalition of SYRIZA collapsing between its internal constituents, a new party is arising (Democratic Left) with mr Kouvelis as the leader. On the right, Mpakoyianni is trying to create a new right party after being separated with the main right party (New Democracy).
c) More taxes and pension reform:
More taxes have been activated (VAT 23% instead of 21% and pension reform has been voted.
d) In real-term economics:
A lot of small-mid businesses are bailing out of the market. The pressure is enormous. There are various quite commercial streets where you can see 10 or 20 shops in close proximity closed. A lot of ordinary people is facing problems in paying their taxes, their insurance or their everyday expenses. On top of that theres the pressure for the loan debts and theres been a constant stream of suicides (>400 per year).
e) Greece-Turkey
There has been a lot of tension lately, including oil research in the Aegean (by Turkey) which traditionally has been a point of extreme tension. Theres also tension through various incidents including airplanes/helicopters/ships, war exercises, rescue operations etc. The Greek side is generally diffusing / downgrading the tension.