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The Greek Govt's Three New Measures to be Added to the Reforms List

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Athens is ready to submit three more reform proposals for technical discussion, an unnamed Greek government official has said, while reports indicate that the new measures are ready and aim to improve tax collection and fight evasion.

According to the Guardian, citing Eurocrisis expert Giannis Koutsomis, the three measures to be added are the following:

  1. Taxpayers will be able to submit additional declarations for previous years without penalties.

  2. A bill to probe big corporations’ tax avoidance through intra-European Union schemes.

  3. Incentives for taxpayers to collect receipts; lotteries for receipts.

The third measure has previously worked in other countries such as Slovakia, where customers can collect VAT receipts and enter them for a prize draw. The reforms will be part of a National Plan for Reconstruction and Growth.

Moreover, the Greek government has characterized today’s Eurogroup meeting as a “successful” one. Greece, which insists that the none of the institutions’ representatives (formerly known as the “Troika”) will travel to Athens, considers that today’s meeting between the single currency’s Finance Ministers launches the process by which the decision taken at the February 20 Eurogroup will be enforced. Additionally, the Greek proposals were accepted by the country’s European partners, while an in-depth discussion will start in Brussels on Wednesday to specify the reforms. Finally, according to the same source, the institutions demonstrated their will to meet Greece’s financing needs.

It should be noted that earlier today, the Eurogroup sent a clear message to Greece to proceed with the reforms. Athens is expected to launch consultations with the technical levels of the three institutions (the European Commission, the European Central Bank and the International Monetary Fund) on March 11, as confirmed both by Greek government and European Union sources.

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