- ELSTAT celebrates the seventh set of deficit figures in a row to be published without reservations by Eurostat.
- Note also that ELSTAT now publishes figures on the impact of support to financial institutions on the government deficit. Q2 2013 was a whopper. Note also that compensation of state employees and social benefits are now less than 50% of all government spending - down from 68% two years ago.
- The Commission launches a consultation on State Aid in agriculture, forestry and rural areas. Expect the Greek authorities to respond quickly and at length.
- The IMF publishes a brief history of fiscal transparency through the ages, which shows that the modern Greek state was actually a pioneer of fiscal transparency in its early days - because it came into being deeply in debt.
- Some tourism/immigration figures to take note of. The number of Serbs and Russians arriving in Greece increases by 50% yoy in H1 2013. Visitors from 'Syria-Lebanon' (?) increase threefold, and a mysterious near-tenfold increase in Estonian visitors.
Tuesday, 29 October 2013
BELATED WEEKEND READING: 26-27 OCTOBER
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