Min­is­ter won’t rule out more mea­sures

Venize­los presents de­tails of stiff spend­ing cuts and tax hikes to par­lia­men­tary com­mit­tee

Kathimerini English - - Business -

Fi­nance Min­is­ter Evan­ge­los Venize­los pre­sented de­tails of stiff spend­ing cuts and tax hikes to a par­lia­men­tary com­mit­tee yes­ter­day.

The mea­sures are to be voted on in Par­lia­ment next week in two bills that must pass if Greece is to re­ceive a crit­i­cal in­stall­ment of its in­ter­na­tional bailout next month, in time to pre­vent a po­ten­tially dis­as­trous de­fault that could drag down Euro­pean banks and af­fect other fi­nan­cially trou­bled Euro­pean coun­tries.

“Yes­ter­day was a very un­pleas­ant day for me, be­cause I had to tell bit­ter truths, and we had to agree on very tough mea­sures, meas- ures which also in­clude the el­e­ment of in­jus­tice and the el­e­ment of over­tax­a­tion,” he told the fi­nan­cial af­fairs com­mit­tee.

Venize­los said he could not rule out hav­ing to im­pose even more mea­sures dur­ing his ten­ure as fi­nance min­is­ter, but that he and his deputies would try to en­sure that would not be nec­es­sary.

“We can’t keep com­ing back ev­ery so of­ten and ask­ing for cor­rec­tive mea­sures, but I won’t state that I will never in­tro­duce more mea­sures while I am fi­nance min­is­ter and am han­dling a cri­sis,” he said.

“We... will make ev­ery ef­fort hu­manly pos­si­ble to ex­e­cute the bud­get and the midterm pro­gram with­out new mea­sures. But the re­sult de­pends on the state as a whole, the pub­lic ad­min­is­tra­tion, the whole mar­ket, the tax com­pli­ance of all cit­i­zens.”

Par­lia­ment will hold the fi­nal session of the de­bate on the medium-term fis­cal plan on Wed­nes­day at 10 a.m., ac­cord­ing to a state­ment posted on its web­site.

The de­bate will be­gin on Mon­day with an­other session cur­rently sched­uled to start at 6 p.m. on Tues­day, ac­cord­ing to the state­ment.

An­gered by mea­sures that in­clude higher taxes for those earn­ing around the min­i­mum wage, unions have called a 48-hour gen­eral strike for Tues­day and Wed­nes­day, dur­ing the de­bate by lawmakers.

Venize­los said one of the main is­sues fac­ing the Greek econ­omy, which is deep in re­ces­sion, was the lack of growth. He added that he would be meet­ing with his Ger­man coun­ter­part Wolf­gang Schaeu­ble in Ber­lin to dis­cuss the mat­ter.

He did not say when the trip would take place.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.