“The Greek tax authorities are incompetent and do not want to levy a large amount of tax debt,” Spiegel journal cited in a report, Incompetent Tax Inspectors. According to Deutsche Welle, the German magazine’s report said that “the IMF and the European Commission came to this conclusion. The auditors recommend for this reason much of [...]
Tag Archives | IMF
Troika Says Greek Tax Collection Flawed
The European Union and International Monetary Fund, who, along with the European Central Bank, make up Greece’s Troika of lenders of last resort, have issued a report damning the country’s tax collection system as broken. To indicate the size of the problem, the report takes the example of “big business tax collection office.” an office created [...]
The Greek Anti-Labour Austerity Reforms Condemned
After the Council of Europe last month, the International Labour Organisation (ILO) considers that the measures adopted by Greece under pressure from the Troika (European Commission (EC), European Central Bank (ECB) and International Monetary Fund (IMF)) erode workers’ most fundamental labour rights, seriously undermine the position of trade unions and might endanger social cohesion and [...]
ECB Mulls Profit Loss to Help Greece
The European Central Bank is considering a plan to give back almost 9 billion euros ($11.52 billion) to Greece from the profits it makes through its holdings of Greek bonds as part of a scheme by international lenders to reduce the country’s debt-to-GDP ratio to 120% by 2020 from nearly 180 percent now, which would [...]
Two Greeks in Troika Talks With Cyprus
Two Greeks are going to be included in the delegation of the Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) which is negotiating with Cyprus over the size and conditions the island needs to right its struggling economy. According to the 24h website, Christos Patsalides, Head of the Representation of the European Commission [...]
Greek Loan May Wait Until December
While the Greek Parliament has given the go-ahead to a $17.45 billion spending cut and tax hike plan needed to secure release of a long-delayed $38.8 billion installment from international lenders, the money may not be disbursed until December, the Financial Times German version reported. Greek Prime Minister Antonis Samaras had warned that unless the [...]
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05 / 19 EU Court: Greece Must Pay
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05 / 19 Even Bild Admired Agathonas At Eurovision
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05 / 18 Three Greek Islands On EU Cheap List
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05 / 18 The Greek Who Can Spy On Earth
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05 / 18 Former Consul Tipaldos Died In Italy
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08 / 04 Turkish Prime Minister Erdogan Reportedly Claims Olympic Flame is Turkish
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01 / 24 Intercultural Association Macedonia Cuts Vasilopita
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07 / 28 IOC President Jacques Rogge Calls London Home of The Olympics; Forgets Greece
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05 / 03 Skopje: Streets Renamed With Ancient Greek Names
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05 / 22 Philip II of Macedonia Statue in Skopje Defies NATO
