Thursday, July 9, 2015

Greece, average: ready new reform plan by 12 billion in two years – TGCOM

– Twelve billion euro in two years might as well the reform package that Greece is planning. It is a value greater than had been previously expected, and the project has been prepared to avoid a return to recession after months of grueling negotiations on the debt. The announcement was made by the newspaper Kathimerini.



Greece, average: ready new reform plan by 12 billion in two years

‘announcement was made by the newspaper Kathimerini, according to which, after the latest data, we can expect “a downturn of about 3%” and not the previously expected growth of 0.5%: all the fault of months of uncertainty and nearly two weeks of capital controls.

According to the newspaper of Athens, “it is estimated that measures eight billion euro by Greece for 2015 and 2016 will be increased by two billion a year, reaching 12 billion in two years. ”

In 2014 the country had emerged from a deep recession that had shot down its GDP by reducing it by 25% in six years.

If Kathimerini announces only the value of the plan, another newspaper greek, Naftemporiki, goes into detail explaining that Tsipras expected to increase business taxes from 26 to 28%, an increase of VAT on goods Luxury 10 to 13% and on food, restaurants, transportation, health services of some private hotels from 6.5 to 13%. Continue instead ageolazioni tax to the islands.

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Greece
Alexis Tsipras
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