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Stournaras Says No to Salary Cuts and Tax Increases

stournarasYannis Stournaras, the Greek Finance Minister stated that there will be no further cuts on salaries or an increase on taxes. He assured the government’s commitment by saying “no more horizontal measures means no new cuts and no tax increases.”
At the same time the Finance Minister made clear that the country needs reforms and the structural arrangements should be continued. In addition, the minister talked about the new Property tax (FAP) and explained that is will be “fairer” as their aim is to get the same tax base from more payers. For the taxes on property he said that the charge will be from 10 to 20 euros.
Yannis Stournaras spoke for only a few hours after the assurances by Christine Lagarde, who stated that Greece doesn’t need further reductions in salaries and pensions.

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