Presidency of Barack Obama

Greek parliament approves 2020 budget, projects stronger growth

Greek lawmakers approved on Wednesday the country's 2020 budget, which projects stronger growth driven by higher investment, improving domestic demand and tax cuts as the country recovers from a decade-long debt crisis.
A majority of 158 lawmakers in the 300-seat parliament approved the budget that includes total tax cuts of 1.2 billion euros for corporations and individuals.

Greek average household income fell by 513 euros in 2009-2014, survey finds

The average household income in Greece plummeted by 42 percent, or 513 euros, between 2009 and 2014, according to the latest survey by the Dianeosis nonprofit think tank, which also maps out the impact of the country's financial crisis based on income and age group, gender, and professional orientation.

Draft budget to set out gov't intention not to cut pensions, spokesman says

The draft budget for 2019, which is to be submitted to Parliament on Monday, will reflect the current fiscal "environment" as well as the government's intention to substitute planned cuts to pensions with other measures, government spokesman Dimitris Tzanakopoulos told reporters. 

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