Tsakalotos claims budget adjustment mechanism will not be needed

5 July 2016
817 Views

The Minister of Finance Euclid Tsakalotos appeared confident that the Greek government will achieve its fiscal targets for 2016 and therefore the automatic budget adjustment mechanism will not be necessary.

In a Monday interview on ERT 1, the Finance Minister argued that he intends to conclude the second bailout program review as soon as possible. Mr. Tsakalotos further noted that the capital controls are gradually being lifted, but expressed his concern over businesses shutting down.

Asked about the high taxes, the Finance Minister responded that the SYRIZA government is not to blame, bur rather the previous government which never managed to address the tax evasion.

In relation to the critical negotiations in 2015, Mr. Tsakalotos underline that the Greek people asked the government fight and negotiation, but the government had to face a “learning curve”. He also dismissed the recent estimation by the ESM’s Klaus Regling that the negotiations cost Greece 100 billion euros.

Additionally, the Minister announced that three bills will be tabled in Parliament by 5 August – for electronic payments, the volunteer disclosure of undeclared income and to tackle the illicit trade of tobacco. The government, he explained, aims to tackle tax evasion in order to be able to reduce the VAT and other taxes.

Finally, the Finance Minister expressed his opposition to the possibility of an ‘ecumenical government’, arguing that “we cannot agree with New Democracy” and that all-party governments are so broad that they weaken democracy.

You may be interested

Russia replaces the dollar with the ruble & national currencies on armaments programs
WORLD
shares13 views
WORLD
shares13 views

Russia replaces the dollar with the ruble & national currencies on armaments programs

Panos - Aug 03, 2021

According to a report by the Russian news agency TASS, Russia has stopped accepting payments in US dollars, for armament…

The Hellenic Navy tested the Camcopter S-100 UAS
DEFENCE
shares9 views
DEFENCE
shares9 views

The Hellenic Navy tested the Camcopter S-100 UAS

Panos - Aug 03, 2021

In an announcement, the Austrian company Schiebel, informed that the Hellenic Navy (HN) has completed the tests of the capabilities…

Greece weather: Even higher temperatures until Thursday up to 47 Celsius!
GREECE
shares11 views
GREECE
shares11 views

Greece weather: Even higher temperatures until Thursday up to 47 Celsius!

Panos - Aug 03, 2021

Greece has already entered a hot three-day period of really high temperatures, when temperatures are expected to peak, reaching locally…

Leave a Comment

Your email address will not be published.