Sunday October 26, 2014 Search
Weather | Athens
19o C
12o 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)  
Nicosia says reforms are bringing results
TAIPED waits for green light from Eurostat
Trade deficit shrinks on big drop in imports
SMEs unable to claim subsidies
Samaras pledges action after flash floods in Athens
Authorities began on Saturday assessing the damage done by flash floods in various parts of Athens a day earlier, with Prime Minister Antonis Samaras pledging that all those affected would b...
No court hearings for civil cases
Greek courts are to stop conducting hearings, which include witness questioning, for civil cases, according to plans drawn up by the Justice Ministry. Kathimerini understands that in a bid t...
Inside News
BASKETBALL
A win is a win is a win for Olympiakos
A bad Olympiakos defeated a worse Laboral Kutxa 63-57 to make it two out of two in the Euroleague on Friday. In a game where the two teams had an overall field goal rate of about one in thre...
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
Inside Sports
COMMENTARY
End of reason, end of humanity
The effects of a slew of new and increased taxes introduced since the start of the crisis were first observed in the wages of those still fortunate enough to have jobs, who saw their take-ho...
EDITORIAL
Banks need to step up
What has been leaked so far regarding the results of the stress tests on Greece’s lenders, which are due to be published on Sunday, appears positive. Greece needs a healthy, private banking ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Nicosia says reforms are bringing results
2. Samaras pledges action after flash floods in Athens
3. No court hearings for civil cases
4. Greece’s lenders seem adamant that gov’t must act on bailout commitments
5. Future of Attica trash set to become clearer
6. Policeman admits to murder of his cousin-in-law
more news
Today
This Week
1. End of reason, end of humanity
2. Banks need to step up
3. Samaras pledges action after flash floods in Athens
4. Greece’s lenders seem adamant that gov’t must act on bailout commitments
5. Nicosia says reforms are bringing results
6. No court hearings for civil cases
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greece’s closed society is central to its current malaise
3. Greece must stick to reforms, says Schaeuble
4. At least 11 banks to fail European stress tests, three in Greece, report says
5. Cyprus to block Turkey's EU talks after EEZ violation
6. Stop moaning and get in the game
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.