Tag #Yannis Stournaras

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kathimerini.gr

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Apr 14, 01:11

Greece to Transfer ENFIA Tax Management to Local Authorities

A proposal by Bank of Greece Governor Yannis Stournaras suggests transferring some or all ENFIA property tax management to Greek local governments, aiming to boost transparency and accountability, addressing the current low local government control (2.94% vs. >12% EU average) and the disconnect betw...

Greece to Transfer ENFIA Tax Management to Local Authorities

A proposal by Bank of Greece Governor Yannis Stournaras suggests transferring some or all ENFIA property tax management to Greek local governments, aiming to boost transparency and accountability, addressing the current low local government control (2.94% vs. >12% EU average) and the disconnect betw...

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Peace, Justice, and Strong Institutions

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What are the immediate implications of transferring the management of the ENFIA tax to local authorities in Greece?

A recent proposal suggests transferring some or all of the ENFIA property tax management to local authorities in Greece. Currently, local governments manage only 2.94% of tax revenue, far below the European average of over 12%. This shift aims to increase transparency and accountability, as citizens would directly see how their tax payments are used.

kathimerini.gr

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Mar 31, 13:16

Greece: Government Rejects Holiday Bonus Reinstatement Amidst Economic Growth

For seven months, Greece's Association of Judges and Prosecutors has unsuccessfully sought a meeting with the Ministry of Finance to reinstate holiday bonuses for public sector employees and retirees, citing a lack of governmental respect and social injustice amidst economic growth; the government's...

Greece: Government Rejects Holiday Bonus Reinstatement Amidst Economic Growth

For seven months, Greece's Association of Judges and Prosecutors has unsuccessfully sought a meeting with the Ministry of Finance to reinstate holiday bonuses for public sector employees and retirees, citing a lack of governmental respect and social injustice amidst economic growth; the government's...

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No Poverty

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How does the Greek government's justification for not reinstating holiday bonuses compare to economic data, and what are the broader implications of this discrepancy?

The request to reinstate holiday bonuses is rooted in the argument that these bonuses represent unpaid work and have historical significance, dating back a century. The government's claim of budgetary constraints is countered by Eurostat data showing a 7.7% increase in real GDP per capita in Greece over the past four years, exceeding the EU average. This suggests the government's stance is a political choice, not a necessity.

kathimerini.gr

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Apr 7, 13:16

Trump Tariffs Pose Significant Threat to Eurozone Growth

President Trump's new tariffs on US imports could cause a major demand shock in the Eurozone, potentially slowing economic growth by 0.5-1 percentage point, according to Bank of Greece Governor Yannis Stournaras; the EU is weighing retaliatory measures on $28 billion in US goods.

Trump Tariffs Pose Significant Threat to Eurozone Growth

President Trump's new tariffs on US imports could cause a major demand shock in the Eurozone, potentially slowing economic growth by 0.5-1 percentage point, according to Bank of Greece Governor Yannis Stournaras; the EU is weighing retaliatory measures on $28 billion in US goods.

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Decent Work and Economic Growth

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How might the ongoing trade war between the US and the EU affect inflation and the European Central Bank's monetary policy decisions?

Stournaras warns that the global trade war could severely impact the European economy. The ECB estimates that 25% tariffs on European imports could reduce Eurozone growth by 0.3 percentage points in the first year, while the EU's retaliatory tariffs would halve that impact. The EU is considering countermeasures on US imports worth up to $28 billion.

kathimerini.gr

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Feb 12, 22:20

Greek Banks Face Challenges Amidst Positive Economic Outlook

Greek central bank governor Yannis Stournaras addressed challenges facing Greek banks and the economy, highlighting the need for continued reforms to ensure sustainable growth, while warning about vulnerabilities to international financial conditions and the need for banks to diversify revenue strea...

Greek Banks Face Challenges Amidst Positive Economic Outlook

Greek central bank governor Yannis Stournaras addressed challenges facing Greek banks and the economy, highlighting the need for continued reforms to ensure sustainable growth, while warning about vulnerabilities to international financial conditions and the need for banks to diversify revenue strea...

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Decent Work and Economic Growth

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What are the key challenges facing the Greek banking system and how do they impact the country's overall economic outlook?

Greece's economy shows positive growth, with a projected 2.3% GDP increase in 2024 and similar rates for the following three years. However, the Governor of the Bank of Greece, Yannis Stournaras, highlighted challenges including the high dependence of Greek banks on interest income, making them vulnerable to interest rate reductions. Further strengthening of bank profitability and capital is crucial for continued upgrades.

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