Tuesday March 31, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Hardouvelis pledges a gradual end to extraordinary measures

By Sotiris Nikas

Finance Minister Gikas Hardouvelis announced on Wednesday that the extraordinary measures taken over the last four years will be gradually abolished, as the Greek economy is reverting to normal.

Addressing an Economist Conference in Athens, the minister also called on political parties to reach some form of consensus, saying it would be preferable “to say less at present about elections and more about the future of our country and finding common ground. The results of our policies will only be long-lasting if we have consensus.”

The ministry is currently examining the efficiency of the applied measures in combination with the social impact they have had, in an effort to proceed to tax reductions or even the abolition of some of the measures.

“We have to definitively establish a tax system that will be simple, consistent and long-lasting, gradually abolishing the extraordinary tax measures and adjusting tax burdens to the standards of the eurozone states,” said Hardouvelis, although he added that “we are continuing to apply a measured and balanced fiscal policy.”

As a basic condition to end the extraordinary measures, he set “the creation of a modern tax administration to support the tax reduction.” In this context the government will take specific initiatives through which “we will not only correct injustices, but also secure crucial financial resources” that are necessary for “reducing the tax burden of law-abiding taxpayers” and “in the future financing some redistributive policies for the benefit of the weakest social groups.”

Among the initiatives the minister cited were the rationalization of fines so as not to issue any that are unlikely to be collected and the creation of an environment that will reward consistent taxpayers.

After meeting with Hardouvelis on Wednesday, the head of the European Financial Stability Facility (EFSF), Klaus Regling, stated that “Greece is slowly but steadily becoming competitive again. We see that despite the very high unemployment rate in the country there is a slow reduction to it [and] investments and investors are returning to Greece. I believe this is the way for the markets to regain their confidence in the Greek economy.”

ekathimerini.com , Wednesday Jul 9, 2014 (22:52)  
Greek deposit outflows said to slow to 3 bln euros
Greece opposes EU´s sanctions on Russia, Tsipras tells Tass
Russian firms to bid for Greek oil and gas drilling tender, says energy minister
How Grexit bill could dig deep into ECB pockets
Greek bailout deal possible by end April, Tusk says
A deal on Greeces bailout is possible before the end of April, EU Council President Donald Tusk said Tuesday as Athens continued tough talks with its creditors on a disputed list of reforms....
Merkel, Hollande say time short for Greek economic plan
German Chancellor Angela Merkel and French President Francois Hollande pressed Greece’s government to come up with an economic plan that its creditors can approve, saying time is short. “The...
Inside News
SOCCER
Cyprus soccer eyes reunion after 60-year divorce
Turkish Cypriot soccer officials on Monday vowed to press ahead with attempts to reunite with the Cyprus Football Association, (CFA), triggering a political storm on the ethnically-split isl...
SOCCER
Three Greek internationals injured in Budapest car crash
Three Greek international soccer players were slightly injured on Monday in a car crash as they travelled by taxi to Budapest airport following Greece's Euro 2016 qualifying goalless draw ag...
Inside Sports
COMMENTARY
Amateur antics or overstepping the mark?
There are 149 plus two reasons why those who have been watching SYRIZA’s progress since its start cannot and never will be able to stomach the leftist party’s coalition with Independent Gree...
EDITORIAL
A pointless debate
Monday’s parliamentary debate between the country’s political leaders left a lot to be desired. There was no information whatsoever about the coalition government’s proposed reforms or the p...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek deposit outflows said to slow to 3 bln euros
2. Greek bailout deal possible by end April, Tusk says
3. Greece opposes EU´s sanctions on Russia, Tsipras tells Tass
4. Merkel, Hollande say time short for Greek economic plan
5. Merkel: No time to lose on Greece
6. Russian firms to bid for Greek oil and gas drilling tender, says energy minister
more news
Today
This Week
1. Amateur antics or overstepping the mark?
2. Parliamentary speaker prompts ND walkout, anger from PASOK, Potami
3. A pointless debate
4. Greek government proposes measures worth 3.7 bln
5. Greece, EU/IMF lenders end round of technical talks without deal
6. Investment guru Mark Mobius rules out Grexit, advises sell-offs
Today
This Week
1. Next Monday is D-Day for state funds
2. Eurogroup unlikely to be held soon to discuss Greek reforms
3. Moscow expects progress from Tsipras visit
4. Some more equal than others
5. Greece to present reforms by Monday, says gov't spokesman [Update]
6. Greece optimistic on deal with euro area next week
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.