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Sentiment unchanged in April thanks to services gains, consumer confidence also rises -
Strong demand for 30-year benchmark bond, yield of 4.24 pct double 2021 rate -
ECB study finds Greeks overburdened by housing costs, most likely to miss payments -
S&P ups outlook to positive, leaves rating at 'BBB-' -
Moody's leaves Greece's rating unchanged, one notch from investment grade -
Investment grade boost visible in strong demand for Greek assets
OECD finds tax cuts linked to pandemic helped reduce wedge on labour
The Greek government came into office in 2019 promising tax cuts and the adoption of the Stability and Growth Pact escape clause by the eurozone during the pandemic allowed New Democracy to reduce the tax wedge on labour, along with 43 billion euros of Covid-related relief over 2020 and 2021.
According to the latest data monitored by the OECD in its Taxing Wages for 2022, Greece is one of the OECD countries that reduced the tax burden on incomes, primarily thanks to abolishing the solidarity levy on private sector incomes and the reduction b...
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