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Coins thrown at a lenders’ representative

05 November 2013 / 19:11:21  GRReporter
5451 reads

- Tax evasion - The International Monetary Fund is exerting the strongest pressure regarding the results of the checks on the property of wealthy Greeks. It is expected that this will demonstrate the triggering of the reformed mechanism for collecting taxes. If the results are not significant, the Greek government will have to make further budget cuts.

- New privatisation fund - The fund, in its present form and composition, has already announced that it will be unable to meet the target for privatisation revenues to the amount of 1.5 billion euro. It is expected that they will amount to 1.3 billion euro this year, the initial target being 2.6 billion euro. The difference of 1.3 billion euro will be transferred for completion in 2014 when the fund will have to work on privatisations, which will bring 3.9 billion euro to the government funds. In this connection, the Troika calls for the establishment of a new fund to undertake the sale of property worth 4 billion euro in order to obtain one billion euro as soon as possible.

 

 

Tags: PoliticsTroikaNegotiationsMinistry of FinanceProtestsCivil servants
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