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Monday July 11, 2005 - Archive

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11/07/2005

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TOP STORY
Flat tax rate on the cards Gov’t set to introduce single 25-pct band in 2007, raise tax-free ceiling The government is seriously considering introducing a single, 25 percent income-tax band as part of its broader effort to boost the economy.

FRONT PAGE NEWS

Reform talks with GSEE to kick off

Senior government officials will meet with the country's largest umbrella union, GSEE, today to discuss proposed reforms to the labor market...

Greeks neutral over war on terror

Greeks condemn terrorist attacks such as those that occurred in London last Thursday as criminal acts but would rather stay neutral...

Nine dead in four-car pileup

Authorities yesterday continued to investigate the causes of a car accident that killed nine people, including four children, in a four-car pileup in central Greece on Saturday...

Nikolaou elected IOC VP

International Olympic Committee member Lambis Nikolaou was elected as one of IOC's four vice-presidents on Saturday, in what was seen as a gesture of gratitude...

A betting office attendant...

A betting office attendant (l) takes a customer's wager on Joker, the numbers game which yesterday handed 11 million euros...

Anarchist group may provide terrorist link

Police were combing through the home of a 26-year-old man arrested last week for possible evidence linking him to terrorist activity...

IN BRIEF

Detainee found dead, likely by own hand : A 25-year-old man detained in a prison in Yiannitsa...

Estranged husband kills spouse and present partner : Police found the body of a 34-year-old mother of four yesterday in a forest area in Holomonta...

Nearly 2,000 passengers safe : A ferry boat, with 1,840 passengers aboard, crashed into a pier...

Goody's robberies : Diners at fast-food stores Goody's were in for a shock late on Saturday...

Family differences : A 53-year-old man tried to commit suicide on Saturday...

Fire extinguished : Firefighters put out a blaze in a pine forest in the eastern suburb of Ilioupolis on Saturday...



Monday : Foreign Minister Petros Molyviatis leaves for the United States...

Wednesday : Interior Minister Prokopis Pavlopoulos meets at 11 a.m. with civil servants' union...

Thursday : Communist-led PAME labor movement holds demonstration against job layoffs...

Friday : Summer sales begin. Fast train services begin on...


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Alternate Culture Minister...
EDITORIAL

Radical overhaul of tax system The pending income tax reform currently being drafted by the Ministry of Finance reflects the government's intention to begin a radical overhaul of the country's taxation system. The conservative prime minister feels that the changes in the labor market, work hours and aspects of the social security system are very important but nevertheless still fall short of ensuring a high growth rate for Greece's economy. Prime Minister Costas Karamanlis believes that reforming the tax system - currently full of loopholes...

COMMENTARY

Ankara revisited Ankara is standing at one of the most crucial crossroads in its modern history. To be sure, Turkey is already in the EU waiting-room, has a robust growth rate, and has made huge strides toward modernizing its industrial sector and democratizing its political system so as to meet European Union standards for membership. Even so, serious problems remain. The Islamic-leaning government under Prime Minister Recep Tayyip Erdogan is not providing the needed stability...

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