Thursday, February 18, 2010

HIGHLIGHTS-Greek FinMin unveils tax reform, wage policy

An example of street markets accepting credit ...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"

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