Under pressure for cuts in main pensions and income tax hikes

2 February 2016
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The talks between the government and institutions on the bailout program review resumed in Athens on Monday, with Greece’s creditors reportedly asking for new cuts in main pensions and a 50% tax on high incomes.
The government insists that there can be no further cuts in main pensions and that there are alternative plans, should they be necessary. The government will also submit its proposal on tax-related matters on Wednesday.
In the meantime, government sources have hinted towards an extension of the protection offered for loans over primary residences, SMEs and consumer loans, which is normally set to end on the 15th of February.
Institutions meetings on Tuesday
The institutions continue their meetings on Tuesday with the Minister of Labor Giorgos Katrougalos at 11:00, followed by a meeting the Bank of Greece at 15:00 and the Minister of Economy Giorgos Stathakis at 19:00.

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