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Stournaras Wants 10-Year Plan for Greece

stournaras_300_1712Greek Finance Minister Yannis Stournaras says the government intends to develop a 10-year growth plan, although for now he’s focused on a pending Supreme Court decision on whether a lower court decision to ban an emergency property tax from being put into electric bills will stand. The government has ignored the ruling in a desperate bit to keep cash rolling in to the debt-crushed country.
Stournaras told Naftemporiki newspaper that he would ask the think-tank he ran, the Foundation for Economic and Industrial Research (IOBE), and the Center for Planning and Economic Research (KEPE) to develop a blueprint for generating growth in Greece. He said that patrt of the plan would focus on better use of European Union structural funds.
Last week, Stournaras wrote to the Public Power Corporation to ask the company to keep collecting the tax despite a first instance court ruling that electricity bills should not be used for this purpose. Stournaras said it was in the national interest that PPC continue to collect the tax, which is vital for the government to meet its revenue targets.
Greece’s prosecutors’ union said that based on the press reports of the finance minister’s communication with PPC, Stournaras could be accused of inciting others not to abide the law and suggested that this could prompt legal action against the government.

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