IMF stands by its position of expanded tax base, more pension reforms for Greece
The International Monetary Fund (IMF) is apparently standing by its positions regarding the Greek adjustment program and, in fact, deflecting most of the criticism it attracted — most notably by EU Commissioner Pierre Moscovici — after a very public presentation of those positions earlier this month. The IMF again refers to a pressing need to expand the tax base in Greece, where the tax-free ceiling for wage-earners, as it has previously noted, is very high by European standards, roughly 8,500 euros in income annually.
The Washington-based Fund also points to further social security reforms as necessary in the country, the recipient of three bailout programs since 2010.
The online Q&A format comes after two top IMF officials, including Poul Thomsen, published the Fund’s detailed positions on the Greek program on the Fund’s blog on Dec. 12.
You may be interested
Poll: New Democracy leads with a 14.8% difference to SYRIZAmakis - Jun 24, 2021
The governing party of New Democracy is clearly leading the polls with 37%, a difference of 14.8% from SYRIZA which…
Greece and Italy top European picks for American touristsPanos - Jun 24, 2021
Italy and Greece are the top two choices in Europe for American travellers this season, according to a report by…
Turkish coastguard harassed Cypriot fishing boat (photos)Panos - Jun 24, 2021
New provocation from Turkey. Turkish coastguards harassed the fishing boat “Maria – Bouboulina”, while sailing in international territorial waters. The…