Property Tax, Venizelos and Samaras Agree on Changes



samaras_venizelosGreek Prime Minister Antonis Samaras and his coalition partner Evangelos Venizelos agreed on Wednesday that the government should make changes to its property tax bill in a bid to overcome opposition from their MPs but faced the prospect of the return of the troika, planned for next week, being put off indefinitely.
Samaras and Venizelos met on Wednesday afternoon to discuss complaints about the property tax legislation but also to prepare for the return of Greece’s lenders to check on the progress of the outstanding reforms that have to be completed for Athens to receive its next bailout tranche of 1 billion euros. However, it emerged that troika inspectors will not be back on Athens on November 4, as had previously been planned.
There is no set date yet for the troika return.

Persistent disagreements between the Greek authorities and the country’s creditors over the fiscal gap in the 2014 budget, as well as continuing delays in the implementation of the prior actions for the disbursement of the October sub-tranche, which was approved “in principle” in July, mean that the review mission will remain on hold for the time being.
With regard to the property tax, Venizelos and Samaras agreed that changes should be made without affecting the goal of collecting 2.9 billion euros in revenues next year. The bill caused a stir among coalition deputies because it increases taxation on farmers and imposes levies on a variety of buildings, including sheep pens, greenhouses and barns. “We will continue to make improvements, not just because of pressure from MPs but because we are fully aware of the difficulties society faces,” said Venizelos following his meeting with the prime minister.
Finance Minister Yannis Stournaras met on Wednesday afternoon with 24 New Democracy MPs to discuss the proposed property tax after the lawmakers made their objections known in writing.
(source: ANSA)


13 COMMENTS

  1. No reforms-no cash,as simple as that.Good for the Troika that it is finally standing its grownds against the continuing 4 years Greek blackmail.I hope they’ll press hard the Greek government to stand up to its commitments and make them pay back every penny they embezzled from us in the next 20 years!

  2. ” they embezzled from us in the next 20 years!”

    how is it embezzlement when credit lending is a 2 way street with all bond documents spelling out every risk to include insolvency and bankruptcy??? it’s not like the banks were forced at gun point to lend the money. they profited on the way up and got bailed out on the way down. privatize profits socialize losses the mantra of wall street fascist puppets like yourself.

  3. what are you talking about?

    so you don’t agree that credit lending is a 2 way street? nice strawman. btw i voted independent greeks. what did you vote for?

  4. No bank will lend you money under the presumption that later you will simply refuse to pay it back.Because Greece is a very rich country and has a lots of money-it simply refuses to pay back its loans.Classic THEFT.

  5. it’s not a matter of refusal. moreso inability. this is all spelled out in the bond prospectus. pity those poor banks who profited on the way up and had their losses socialized on the way down.

    on the one hand you say Greece is broke and on the other you say it is a very rich country. which one is it?

  6. you clearly have never been involved in a credit transaction where there is ALWAYS a risk of default. being the wall street bailout fascist that you are, you sure love to absolve the banks who lent this money VOLUNTARILY and made gobs of $ on the loans from any responsibility in conducting due diligence.

    and who helped Greece hide that debt? the same banks that lent her the money. privatize profits socialize losses right you puppet???

    while it is true that the US via the federal reserve is bailing out Europe, I highly doubt you understand the intricacies of that relationship to justify your “loans from my pocket as we speak.” You are not a EU/Greece tax payer. The Greek bailout is nothing more than a bailout of northern EU banks to firewall them, or attempt to, from their massive direct loan exposure to the periphery and their trillions in derivatives.

  7. Many of the funds the Greek government borrowed were from its own GREEK banks and local pension funds,I am not sure about the exact number ,but it is over 45% of the Greek overall debt.It was a massive financial scheme perpetuated under the presumption,that once Greece depletes every single source it could independently borrowed from,then it will be bailed out by the EU/EZ.And that’s exactly what happened.The criminal Greek class played its card well,advised smartly by its powerfull financial lobby in Greece in the US. Greece already defaulted on debts,held by external creditors in 2012.The only debt it has left now is owned by both EU and Greece itself,and neither is willing to take loss.And if Greece imposes Default unilaterally on EU held debt,all the money from the EU will stop immediately and Greece probably kicked out of the euro.Whoever hid the Greeks debt it doesn’t matter-they were to do so by the Greek government itself!

  8. Many of the funds the Greek government borrowed were from its own GREEK banks and local pension funds,I am not sure about the exact number ,but it is over 45% of the Greek overall debt.It was a massive financial scheme perpetuated under the presumption,that once Greece depletes every single source it could independently borrowed from,then it will be bailed out by the EU/EZ.And that’s exactly what happened.The criminal Greek class played its card well,advised smartly by its powerfull financial lobby in Greece in the US. Greece already defaulted on debts,held by external creditors in 2012.The only debt it has left now is owned by both EU and Greece itself,and neither is willing to take loss.And if Greece imposes Default unilaterally on EU held debt,all the money from the EU will stop immediately and Greece probably kicked out of the euro.Whoever hid the Greeks debt it doesn’t matter-they were PAYED to do so by the Greek government itself!And yes,I am bailing out Greece through the Federal Reserve to cover all the money Greece stole from the EU banks and now refuses to pay back.But Greece will be made to return the money,one way or another,mostly through state assets confiscation.And that’s what your ruling class doesn’t tell you,they sold Greece in fact!

  9. at the end of 2011, Greek banks held 12% of greek govt debt. Greek pension funds another 6% for a total of 18% w/in Greece. The rest was held by the ECB (13%), Foreign Banks (17% and more than Greek banks may I add), foreign institutions/hedgefunds (25%), Euro Area bilateral (15%) IMF (6%) and others 6%

    you are also forgetting about private loans in addition to all the derivatives attached to the various public and private debt.

    your numbers are wrong. as are your conspiracy theories, though I certainly appreciate your Mr. Panos like take on the situation.

    this is a matter of inability not refusal and you keep ignoring my point about privatizing profits and socializing losses and how they LENT this money voluntarily. go read a bond prospectus and specifically the risk section. The EU knew Greece wasn’t meeting its debt targets back in 2004 but didn’t care and used proxies like Goldman to hide this debt. This is an engineered crisis to steal Greece’s wealth by the EU and the global banking cartel with the help, as you say, Greece’s treasonous ruling class.

    i don’t disagree with your assessment of Greece’s ruling class (ND/PASOK the same traitors in office now who got us into this mess)

    please tell me about the intricacies about the federal reserve bailout of europe (and every us bank) but specifically europe since you realize you are doing it.

  10. Very incoherent post,I could not understand much except that you are engaging in typical SYRIZA left rhetorics about the “bad banks” ,”speculators” etc. Bottom line-Greece embezzled half a trillion foreign money to enrich its own population at the expense at other countries taxpayers. Greece credibility has been reduced to one of a crook country now and its international reputation destroyed for good.What follows is a confiscation of Greece’s state assets and state companies.And if Greece is reluctant to comply,it will be thrown to the wolfs and there it goes the nice Greek living standards with it.That’s what happens with unreliable borrowers as you know.
    http://demonocracy.info/infographics/eu/debt_greek/debt_greek.html

  11. how wrong you are living in your US bubble. go to Greece and you will see the majority of the people and political parties, aside from the protected ND/PASOK class, agree with my assessment about the banks and who the real beneficiaries are of the Greek “bailout”, as 85% of the bailout money does not even enter Greece.. you still gloss over the fact that credit lending is a 2 way street with all the risks laid out in the prospectus. and you certainly prove to us all what a fascist you are as you love to privatize profits and socialize losses.

    you are dead wrong and can’t disprove anything i just wrote aside from a conspiratorial point of view. you certainly love to use strawman arguments though eg “syriza” and “incoherent posts.” what are you stupid? can you not read and comprehend

    and yes I agree about Greece’s state assets which is why we call Samaras and his cronies germanotsoliades. It is treason to sell these off at below market rates engineered by a select group of people.

    thanks for your infographic disproves your statement that “Many of the funds the Greek government borrowed were from its own GREEK banks and local pension funds,I am not sure about the exact number ,but it is over 45% of the Greek overall debt”. here are the numbers again at the end of 2011, Greek banks held 12% of greek govt debt. Greek pension funds another 6% for a total of 18% w/in Greece. The rest was held by the ECB (13%), Foreign Banks (17% and more than Greek banks may I add), foreign institutions/hedgefunds (25%), Euro Area bilateral (15%) IMF (6%) and others 6%

    you are obviously a fear mongerer because you stand to lose something. “It is difficult to get a man to understand something, when his salary depends on his not understanding it.”

  12. Who cares what people in Greece think? The people in Greece spent 500 billion money that were net theirs!They did enjoy and are still enjoying a fabulous Dolce Vita lifestyle with our money.A life that we do not enjoy ourselves yet we are the ones footing Greece’s bills.I hope that Greece is made to pay through its nose the money it owes!And how come 85% of the money don’t enter Greece?Of course they do-who borrowed the money ,me?They go towards the banks pay the money Greece spent!!!!

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