#ECONOMY
IMF Sees ‘Radical Transformation’ in Greece’s Tax System After Years of Reform
The IMF argues that Greece’s experience offers broader lessons. Institutional independence, it says, has been critical to building credibility and sustaining reform.
Greece Unveils €796 Million Aid Package as Energy Crisis Bites, but Impact Seen as Limited
The plan, presented this week, earmarks €796 million for 2026 and carries a permanent fiscal burden of €279 million annually from 2027 onward.
Greece Weighs Up to €400 Million in New Support Measures as Surplus Beats Expectations
The outcome of those discussions will determine how much of the surplus can be redirected toward household support.
IMF Event to Spotlight Europe’s Growth Challenges in Fragile Global Economy
The conversation is expected to focus on the mounting pressures facing Europe’s economy, including weak growth, sluggish productivity and limited fiscal room, alongside rising demands for greater spending on defense, energy security and the green and digital transitions.
Market Volatility Pushes Greek Borrowing Costs Higher
Longer-dated bonds also came under pressure, underlining that the repricing was not limited to short-term maturities. The 15-year yield increased to 3.913% from 3.766%, while the 30-year yield rose to 4.402% from 4.323%.
One in Five Tax Euros Paid Late as Greek Compliance Slips in 2025
In value added tax (VAT), on-time payments increased from €15.40 billion in 2024 to €17.16 billion in 2025, an increase of about 11.4%.
Overdue Tax Debt in Greece Climbs to €114 Billion Despite Collections
The overall rise in overdue debt is attributed to new overdue liabilities totaling €9.97 billion, as well as €2.21 billion in overdue debts from previous years that were assessed at a later stage
Private Debt in Greece Reaches €407.6 Billion, Report Finds
The rise is attributed mainly to the expansion of bank lending, but also to the continued accumulation of unpaid obligations to the state and social security funds.
Property Tax Values in Attica Surge by Nearly €90 Billion Between 2021 and 2026
The largest concentration of property value is recorded in the Athens regional unit, where total property value increased from €263.4 billion in 2021 to €342.5 billion in 2026.
IMF Says Greek Economy Remains Resilient but Warns of Global Risks
The International Monetary Fund says the Greek economy continues to show resilience and maintain growth momentum, but warns that international developments—particularly the crisis in the Middle East—are creating new uncertainties for the country’s economic outlook.
Fuel Subsidies Instead of Tax Cuts: What EU Rules Really Allow on Fuel Taxes and Where Greece Stands
Commission figures show that excise duty in Greece is approximately €700 per 1,000 litres for petrol and €410 per 1,000 litres for diesel, placing the country among the higher-tax jurisdictions in the European Union.
Greece Better Protected from Energy Shortages, but Not from High Prices
Pressure is already visible in the fuel market, with petrol prices moving above €2 per litre and diesel approaching similar levels, following the upward trend in international oil prices.
How the War in the Middle East Could Hit Greece’s Economy
For Greece, the implications are significant because the country’s economic planning for 2026 was built on much lower energy assumptions.
New Study Maps a Generation in Limbo in Greece
Participants describe daily life as shaped by low or unstable wages, rising living costs, an acute housing crisis, and the near-impossibility of becoming financially independent from their families.
Deal Activity in Greece Surges as Transaction Value Triples in 2025
The total value of deals reached €20.6 billion, almost triple the €7 billion recorded in 2024, while the number of transactions rose by 55% to 183, compared with 118 the previous year.
First Test for New Eurogroup President Comes With ECB Vice Presidency Contest
Kyriakos Pierrakakis on Monday makes his debut in Brussels as president of the Eurogroup.
Greece’s Economic Rebound Masks Deepening External Imbalances
Greece’s long-standing structural weaknesses have persisted, leaving the economy vulnerable to shifts in global financial conditions.
Everyday Life Poised to Become More Expensive in 2026 Despite Wage Growth and Tax Relief
While 2026 brings nominal income gains and tax relief, these improvements are being steadily eroded by higher prices in essential services.
Greece Weighs Advance Tax Rulings to Boost Investor Certainty
The proposed framework aims to reduce the ambiguity that companies and investors often face when planning investments or structuring business transactions.
Long Hours, Low Returns: The Structural Paradox of Greece’s Labor Market
Workers in Greece are employed for almost 40 hours per week, productivity reaches only about 60% of the European average.
Greece’s Shadow Economy Still Looms Large Despite Digital Tax Reform Plans
Tax evasion remains a structural problem for the Greek economy.
Brussels Warns Greece Over Widening VAT Gap and Costly Tax Breaks
The most striking concern is the country’s “VAT policy gap,” which in 2023 surged to 57 percent of potential ideal revenue—roughly €29 billion.
Pierrakakis’ Challenge: Building Consensus for Europe’s Next Economic Chapter
His priorities include improving macroeconomic coordination, making more effective use of Europe’s financing instruments, and promoting investment in sectors deemed strategically vital.
Eurozone Ministers Set to Choose New Eurogroup Chief Amid Tight Two-Way Race
The voting process will begin halfway through the meeting, following discussions on member-state budgets and the IMF’s assessment of the eurozone economy.
Greece’s Hotel Industry Sounds Alarm: Success “Not Guaranteed” as Global Pressures Mount
Speaking at the Chamber’s 13th General Assembly at the Metropolitan Expo in Athens, held alongside the XENIA tourism fair, Vassilikos said that the years of strong performance following the pandemic should not lull the industry into a false sense of security.
Greece’s Economic Divide Widens as Attica Pulls Away from the Rest
Between January and June 2025, total bank deposits in the Attica region rose by €1.57 billion - a surge driven almost entirely by the Regional Unit of Athens, which alone added €1.584 billion.
The Economic Abyss of the German Occupation: How Nazi Rule Devastated Greece’s Economy
The exploitation was formalized in March 1942 through what became known as the Occupation Loan, an agreement imposed by Germany and Italy on the Greek government.
Can Greek Investors Turn $25,000 into $133 Million? Inside Aeon’s Nasdaq Ambition
The proceeds—amounting to $250 million if fully subscribed—will be placed in a U.S. trust account managed by Odyssey Transfer and Trust Company.
Greece Borrows Cheaply, but Fragility Lingers
Greece is regarded as a reliable borrower, its fiscal position is steadily improving, and international markets are buying its debt without hesitation.
Greece’s Demographic Time Bomb: Fewer Births, More Deaths, and an Economy Under Strain
Since 2010, deaths have consistently outpaced births, with the gap widening each year.
ILO Report Finds Greece Among Europe’s Most Unequal Economies
Greece, though classified as a high-income country, continues to grapple with profound economic and social inequalities, according to the International Labour Organization’s latest Social Justice Outlook.