HIGHLIGHTS-Greek FinMin unveils tax reform, wage policy

Image via Wikipedia

clipped from www.reuters.com ATHENS, Feb 9 (Reuters) - Greece outlined on Tuesday its public sector incomes policy and a tax reform bill, as part of an EU-endorsed plan to increase state revenues and reduce its huge deficit. "EU partners and markets will closely monitor the implementation of our fiscal plan, I believe that the response will be positive. The measures that we have announced are becoming action" "From 1. Jan. 2011, every transaction above 1,500 euros between natural persons and businesses, or between businesses, will not be considered legal if it is done in cash. Transactions will have to be done through debit or credit cards" "We all know that the public sector wage policy is full of injustices ... which have been formed by adding up various allowances without a central direction. "The wage cuts will begin from 18 euros a month, reaching 345 euros a month for court officials. In percentages, it will be between 1 and 5.5 percent"

Related articles by Zemanta

• Greece Outlaws Cash Transactions Above 1500 Euros, Unveils New Taxes (seekingalpha.com)
• Greece Financial Crisis: From Overspending to Lean Times (time.com)
• The Party's Over for Spendthrift Greeks (time.com)
• Greek Finance Ministry Officials Strike (online.wsj.com)
• Greeks strike over austerity plan (news.bbc.co.uk)
• Spending cuts coming: Stockwell Day (financialpost.com)