After Referendum another crisis summit. On Sunday will be held the “decisive” summit on the fate of Greece. Earlier puts the Greek Government against a new austerity program. If Europe in the drama nor the turn? The Greeks thriller Ticker.
Athens lays Euro Zone comprehensive list of suggestions before
Friday, 10 July, 06.20 Clock : Greece submitted the euro zone a comprehensive list of proposals, which will also the Euro-partners demanded a lot. As can be seen from the proposals published in the early hours of Friday, Athens provides, inter alia, pension reform, tax increases and privatizations to diverse. In return, the government is calling for a three-year aid program, an investment package and concessions for the primary surplus. The measures offered are close to the demands which had set up in front of the breakdown of negotiations last month, the international creditors
The reforms in detail.
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The retirement age is set at 67 years. The previously customary early retirement is made more difficult in future and retirees are more involved in the health care costs, according to a 13-page document explaining Athens proposals to the euro partners. On supplementary pensions a special tax of 3.5 percent is levied. This pension reform is already overdue since 2010. She was part of a reform package of damailigen Greek Prime Minister Giorgos Papandreou
. Tax:
In order to increase government revenues, should the VAT for hotels and the catering industry, corporate tax, luxury tax and the taxation of shipping are raised. The 30 percent tax rebate for the Greek islands is to be abolished for the wealthiest islands and those with the most tourists and not as required by the creditors for all islands. For farmers to apply from 2017 no more tax breaks. Tax loopholes are to be filled
That means in detail:. The VAT for hotels is increasing from 6.5 to 13 percent, for restaurants from 13 to 23 percent. . The luxury tax, as on expensive cars, rising to 13 percent
the end of 2016, however, wants Tsipras the tax increase Check: Should there be a better way to raise money, such as through stricter controls of the tax system, the reforms could again undo
Public Sector:.
The public sector should be reformed. As a reduction in defense spending Athens instead of the required 400 million euros for this year provides for 100 million euros and for the coming another 200 million euros. In addition, to be paid less bonuses
sale of state property.
Athens now agrees, according to the document in the sale of the remaining government shares in the telecommunications company OTE a. In addition, 14 airports will be privatized. Good news also for the Frankfurt airport operator Fraport, which was awarded the contract for sale of the airports in November. The Syriza government had put this deal on ice. Together with a Greek partner, the airport operator wants to purchase cost 1.2 billion euros.
In addition to binding deadlines for bids for the state shares in the ports of Piraeus and Thessaloniki until October at the latest be installed.
budget surplus:
For the years 2015 to 2018 promises Tsipras a budget surplus of 1, 2, 3 and 3.5 percent
. For this, the proposed reduction of military spending falls lower from than previously announced: Tsipras wants here save instead of 500 million euros 300 million euros in two years
What Athens asks for it.
In return for the reforms Athens calls for a three-year aid program and debt relief, and 53.5 billion euros in order to pay by 2018 debts. Athens wants a solution to his enormous debt to “regulate” it says in the suggestion list. In addition, the Government in the paper woos an investment package for Greece of 35 billion euros. This Athens had already been promised.
concessions requested by the Greek Government and the primary surplus, ie the budget balance excluding debt service. Athens had already convinced its creditors to reduce the target for this year to one percent of gross domestic product.
Next year, the primary surplus should then reach two percent in 2017 and finally three percent. Given the deteriorating economic situation would have these requirements but are reviewed, it said on Friday in Athens.
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