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Only the issue of the restructuring of the defence companies has to be resolved before the payment of the 1 billion euro tranche

06 December 2013 / 18:12:03  GRReporter
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            • The deficit in the budget for 2014. The budget that will be voted on in parliament tomorrow has not been approved by the Troika as the lenders do not believe that it will achieve the goal of a primary surplus of 1.5 percent of GDP and, for this reason, they want additional measures. According to them measures worth 1.9 billion euro will be required whereas, according to the Greek Ministry of Finance, the required amount will be 1 billion euro.

            • The new property tax. It seems that the Troika is responding to the changes made to the original plan, which are leading to the loss of 600-650 million euros. The aim of the new tax is to bring revenues amounting to 2.9 billion euro if the taxes of property transfer have been reduced or to the amount of 2.7 billion euro if these taxes remain unchanged. The original plan of the Ministry of Finance provided for a loss of 250 million euro (in the case that the collected amount is 2.65 million euro) whereas the Troika estimated the losses at 350-400 million euro. It also believes that the losses will amount to 600-650 million euro due to the new changes made by the Ministry of Finance.

            • The new medium-term programme for the period 2014-17, which is lagging behind. The reason for this is the budget deficit for 2014 as well as the additional measures amounting to 4 billion euro, which the budget will include for the period 2015-2016, and the way in which the savings will be realized.

            • The sale of the mortgaged houses of debtors to banks. If the lenders’ representatives uphold their position, the government will find it particularly difficult to "push" it through the parliament since the majority of the deputies will vote against it.

            • The mass layoffs in the private sector, which will also encounter difficulties in their regulation. Yesterday PASOK leader and Deputy Prime Minister Evangelos Venizelos expressed his negative position as regards this measure.

Tags: Supervisory TroikaMeetingsUnresolved issuesMemorandumCuts
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