Il surplus di bilancio della Grecia sale a 13,5 miliardi di euro
https://evrimagaci.org/tpg/greeces-budget-surplus-surges-to-135-billion-euros-92362
di FatFaceRikky
Il surplus di bilancio della Grecia sale a 13,5 miliardi di euro
https://evrimagaci.org/tpg/greeces-budget-surplus-surges-to-135-billion-euros-92362
di FatFaceRikky
23 commenti
**TLDR SUMMARY**
Greece has achieved an impressive budget surplus of €13.5 billion for 2024, nearly doubling from €6.1 billion the previous year. This success is attributed to efforts such as cracking down on tax evasion, privatisations and attracting foreign investments from major companies. Greece’s economy is growing faster than the EU average, with projections of a 2.3% growth rate by 2025. The debt-to-GDP ratio is expected to drop significantly, and unemployment continues to decline.
However, challenges remain. Many citizens are still experiencing financial struggles due to past austerity measures. The government plans to implement modest pension increases, raise the minimum wage, and reduce social insurance costs. Additionally, defence spending is set to nearly double in response to regional tensions, particularly with Turkey. Greece is focused on ensuring that economic benefits reach its citizens while maintaining a path toward stability.
It’s doctored Makinsley went through the
> This positive development has not only caught the attention of economists but also injected renewed hope among the citizens.
Are these hopeful Greeks in the room with us right now? Who writes these pieces?
Amazing what happens when people start paying their taxes.
Oh wow, seems like the reforms those “evil” Germans “forced” upon them actually work.
Can we have some gibs, plox?
How much debt left to pay off?
VAT in Greece is at 24% and we pay a lot in taxes. 5 years ago this government promised tax relieves and VAT at 22%. Instead they took advantage of the huge inflation of greek market and built that huge surplus. At the same time the government sold its shares from the banks and imposed taxes on big profits of the energy sector.
Still the problem is nepotism and the ruling of a party taking care of its own people. They gave positions to the party’s kids in the public sector, the ministers are spending a lot without any check and they are ruling with lies and fairytales. They took a lot of subsidies from the EU all these years giving most of them to the people that are voting for them. More than 70% of public contracts are given by direct assignments to cronies of the government.
Most greeks hate this government but they don’t have an alternative party to support. Most other parties have fallen apart. It’s like Hungary actually.
Greece needs to sell more tankers to Putin to keep paying down the debt.
Who tf writes these
Congratulations Greece 🇬🇧🇬🇷
Might be time for a holiday there next year.
Great news. But you kinda have to, no? The national debt is at 160% of gdp.
Good on you, Greece
Warning, Trump is sending his son’s ex over there to pillage that shit. Distract her with Botox and Pinot
Good on them and for the PIGS, which are basically holding this Europe in shambles.
What an absolute ridiculous piece to puff up the Greek government. It wasn’t achieved by cracking down on tax evasion, far from it.
It was achieved by forcing even harsher taxes on the middle class and poor, and destroying the following pillars on which the Greek people now need more than anything:
– Healthcare: practically none existent at this point, with hospitals lacking basic everything – including doctors and nurses
– Education: the one good benefit the population enjoyed was readily available education, even though you still needed quite a bit of money to afford you living for the duration of your studies, but that’s practically gone. Nobody can afford to send their kids to study at a university at another city, and universities have been driven to the bring of distraction
– Home: nobody can afford a home or rent
– Infrastructure: bridges have fallen, roads are full of potholes – even the day after they are freshly delivered – trains collapse, airports have no radars or they have stopped working
Add to that nobody pays a living wage, and that tourism inflated prices even more, and you get people that can’t afford a healthcare, education, a family or a place to stay. So they leave a country with already excitation-levels of birth rate.
I can’t stress enough how porked we are if we don’t efficiently and beneficially invest every resource we have back into our people, but we won’t.
Thats 13,5 billion out of the real economy which could translate to up to x2 their nominal value in gdp. This is not great news, this is catastrophic.
Wait next for Shengen by land benefits! Gotta pump those numbers up! 💪
Im waiting for all the people in the comments who don’t understand economics or why any of this is important. Almost feels like this is the wrong type of content for a sub like where anyone with an internet access and their mother including all those people who know nothing about bond markets, crisis, who international debt works, or anything about finance. Not even basic economics, yet reading the comments is clear of that.
Imagine if the average redditor were to be handed the keys of an entire country and become finance or economy minister, president or central government banker of some kind, exactly it wouldn’t work because they understand nothing about that let alone having any qualifications to understand how debt management works.
Question is: Is life better for people than 10 years ago?
As fellow European I read of: Wildfires, over tourism (an industry that’s typically not paying well and not the best for the environment) and still comparably high unemployment. On top issues with masses of refugees and tensions with turkey.
Just not sure what to think of that as I have no ties r Greece (I.e. no friends or family there)
We’re talking for profit
Hopefully Bulgaria and Romania being in Schengen helps Greek rail exports and creates more jobs near the border.
Reminder that budget surpluses aren’t necessarily good. In Greece’s case I’d argue it’s really bad. It means the government has taxed more than what it has invested.