Regling: Tax reductions if the numbers add up

Plans by the new government in Greece to lower taxes, the impact this would have on the economy and the existence of sufficient fiscal space in order to achieve the primary surplus target of 3.5 percent of gross domestic product will be discussed when the institutions return to Athens in September, European Stability Mechanism (ESM) Managing Director Klaus Regling says in an interview with Kathimerini.
"We have not seen the details" of the government's program, he says, adding that "if there is a gap in the budget, it has to be covered somehow."
Regling, who last week met with Prime Minister Kyriakos Mitsotakis and Finance Minister Christos Staikouras in Athens, where he also addressed a conference by the Economist, says that the decision to scrap a measure to reduce the tax-free threshold disappointed creditors. "We did not find this helpful," he says.
Regling...