Gov’t preparing proposal for creditors aimed at reviving bailout talks
The government is drafting a proposal for creditors which is aimed at reviving dragging bailout talks, sources have indicated.
The proposal, which the government hopes to present to Eurozone finance ministers on January 26, foresees the extension of the automatic fiscal mechanism — dubbed “the cutter” — to apply through 2020, along with the further reduction of the tax-free threshold and an increase in the middle rate of value added tax.
Dragging out the relaunch of bailout talks is not beneficial for either side, Alternate Defense Minister Dimitris Vitsas told Skai television on Monday, noting that the delays are chiefly due to the ongoing disagreement between European officials and the International Monetary Fund.
Further discussion is required on the thorny issues of labor relations, fiscal matters and the energy sector, Vitsas said.
You may be interested
Mitsotakis: We expect the extension of our EEZ demarcation agreement with Egypt soonmakis - Jun 21, 2021
The Greek Prime Minister, Kyriakos Mitsotakis, is in Cairo, for his official visit to Egypt. Kyriakos Mitsotakis was received at…
Two Greek islands in best-hidden of the Mediterranean: TelegraphPanos - Jun 18, 2021
British media outlet Telegraph included the Greek islands of Karpathos and Alonissos in its top 20 holiday destinations in the…
Coronavirus Greece: 519 new cases, 321 intubated, 16 deathsPanos - Jun 18, 2021
Greece announced that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 519, of which 2…