Wednesday October 22, 2014 Search
Weather | Athens
24o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Stournaras spells out ‘no more taxes’

 Trial bond issue will likely come after the European elections, while needs are covered up to May 2015

By Sotiris Nikas

Finance Minister Yannis Stournaras categorically denied on Wednesday that there is any prospect of new taxes being imposed, adding that Greece is ready to issue a new bond but will likely do so after May’s European Parliament elections. He also stated that negotiations over the new lightening of the country’s debt will start at the Eurogroup meeting after next.

In an interview on Skai Radio, Stournaras made it clear that “there is no way we will impose any new taxes.” However, he did add that the abolition of certain taxes will be delayed, and, in reference to the solidarity tax, he said that it will be maintained “for as long as it takes for us to meet the fiscal targets.” He noted the bailout agreement provides for Greece to gradually relax its tax rates on the condition that it meets its targets.

The minister said the next bailout tranche will add up to some 9 billion euros and will be delivered in a lump sum, while after May, “the program ends as far as Europe is concerned and another 9 billion euros will come from the International Monetary Fund up until February 2016.” Greece’s funding needs are fully covered until May 2015, and under certain conditions up to March 2016, he explained. “After that, we will be able to enter the markets fully, for all our requirements,” said Stournaras.

Before then, Greece will have tapped the markets in a “trial issue.” The minister said that “we are almost ready, and we will return to the markets when we deem that conditions are appropriate.” Questioned as to whether that would come before the European elections, he responded, “Probably not.” The ministry’s aim is to issue a new bond of about 1.5-2 billion euros with an interest rate that will be below 6 percent, likely closer to 5.7 percent.

Regarding the calculation of the capital gains tax on property transactions, Stournaras said it will be clarified when the multi-bill that is to include the measures agreed with the country’s creditors is tabled in Parliament. He said the measure will only concern properties owned for no more than a certain period, that “will likely be around 20 years, but the precise period will be known upon the tabling of the bill.”

ekathimerini.com , Wednesday March 26, 2014 (22:48)  
Credit sector officials sleeping easy ahead of stress test results
Certainty on primary surplus target
Feverish talks on payment plan proposals
TUI promises even more tourists
Archaeologists find missing head of Amphipolis sphinx
Archaeologists digging at a tomb dating to the era of Alexander the Great in ancient Amphipolis in northern Greece have found the missing head of one of the two sphinxes guarding the entranc...
Coalition leaders prepare for troika amid sour mood
A dispute between New Democracy and PASOK over civil servants’ salaries continued Tuesday, underlining the big task facing Prime Minister Antonis Samaras and Deputy Prime Minister Evangelos ...
Inside News
BASKETBALL
PAOK fans stop coach Markopoulos´s move to Olympiakos
Olympiakos is once again in the lookout for a new coach after the refusal of PAOK to release Soulis Markopoulos, while Panathinaikos defeated Kolossos on Rhodes on Monday to become the only ...
BASKETBALL
Reds lose to Nea Kifissia, search for new coach
Nea Kifissia recorded the biggest win of its short history in the top flight defeating Olympiakos 68-67 on Sunday, in a Basket League weekend marred by the abandonment of the Thessaloniki de...
Inside Sports
COMMENTARY
The ECB collateral for Greece must be lowered to 5 pct
According to recent reports, the European Central Bank plans to reduce the “57 percent penalty,” that is the discount applied to almost all Greek government bonds (GGBs) held as collateral b...
INTERVIEW
The past, present and future of the Greek debt crisis
For a decade, until mid-2012, Josef Ackermann was the CEO at Deutsche Bank. It was a position that earned him the nickname “shadow chancellor” of Germany and allowed him to play a decisive r...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Credit sector officials sleeping easy ahead of stress test results
2. Certainty on primary surplus target
3. Feverish talks on payment plan proposals
4. TUI promises even more tourists
5. Archaeologists find missing head of Amphipolis sphinx
6. Coalition leaders prepare for troika amid sour mood
more news
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Gang importing heroin into Greece busted
3. Self-opposing coalition
4. Greece said to seek tailor-made plan for bailout exit
5. Gutsy rectors
6. Applications for heating oil subsidy set to start
Today
This Week
1. Possible third figure in Amphipolis mosaic may be uncovered shortly
2. Istanbul skyscraper casts shadow over Greece's banking ambitions
3. Coalition shooting itself in the foot
4. GPO poll gives SYRIZA clear lead over New Democracy
5. Greece must stick to reforms, says Schaeuble
6. Samaras’s crumbling Greek exit lacks backing from economists
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.