ECONOMY

Creditors meet new government, discuss tax reform

creditors-meet-new-government-discuss-tax-reform

Senior officials from Greece’s bailout creditor institutions were meeting in Athens with the country's new conservative government following general elections this month.

Representatives of the European Commission, European Central Bank, the International Monetary Fund, and a eurozone rescue fund were holding meetings Thursday with at least five cabinet ministers, government officials said.

Prime Minister Kyriakos Mitsotakis' new government is planning to reduce taxes that were hiked during three successive international bailouts and worsened hardship for many Greeks. The final bailout program ended last August.

Bailout institutions, which hold most of Greeces debt and set repayment terms, are broadly in favor of easing tax rates but are also pressing the government to stick to strict budget performance targets.

[Reuters]