In Greece, there is room for tax reductions – Elsevier

In Greece, there is room for tax reductions – Elsevier

Samaras Saturday gave a speech on the state of the Greek economy – Photo: AFP

                 
                         by
                             Shari Deira
                         
                     
                 
 
                 
                     Sep 7, 2014

                 While quibbling over tax reductions in the Netherlands, they have already announced in Greece. The Greek economy is showing any signs of recovery and Greek Prime Minister Antonio Samaras wants to again implement cost reductions.
             

Samaras said Saturday during a speech at the end of the summer season on the state of the economy. It is time that Greece will stand back on their feet saying the prime minister.

Charges

The Greek economy will, according Samaras in the third quarter of this show for the first time in six years growth. In the first quarter, the economy showed a decline by 1.1 percent in the second quarter of 0.6 percent.

“Greece is still injured, but the wounds heal and we can look to the future. ” Samaras says that the European Union and the International Monetary Fund (IMF) also need to realize that it is time to start reducing cuts.

During a meeting with lenders in Paris on the economic situation of Greece, would the Greeks have been raised that they want to lighten loads. The various parties have not reached agreement.

Growth

What alleviations Samaras just wants to make, is not yet known. He makes his plans known before in October. The income tax on the highest incomes, he could at least incrementally to reduce from 42 to 32 percent.

Also Samaras own words intend to reduce. Unpopular property tax Greece believes that if the country needs to cut spending, less is more room for economic growth.

Unemployment

The IMF predicted last month that the Greek economy throughout the year may end up with a growth of 0.6 percent. Although it seems to be something better, are not all the lights are green for Greece. Retail sales are still falling, and the country is still struggling with massive unemployment. More than a quarter of the workforce is unemployed at home.

It is still the country with the most debt in the eurozone. The national debt of the country this year is around 177 percent of gross domestic product, all citizens and businesses make in a year

.