George Stathakis

The negotiation talks between the Greek government and the representatives of the institutions have started amidst the protest rallies conducted by most of the labour unions

Greek Finance Minister Euclid Tsakalotos is awaiting the response of creditors on Wednesday following his proposal for a tax rate hike for more than 50% for income in 2016.

The Greek government’s economic team presented proposals for tax law reforms to representatives of Greece’s four creditors (EC, ECB, ESM, IMF) in Athens on Tuesday. The proposal presented included suggested tax brackets and tax rates with the highest rate at 50% and recommendations for an even higher rate.

The representatives of the Institutions met at 11 a.m. with Labor Minister George Katrougalos to discuss  social security reforms.

Their meeting lasted three hours, while Finance Minsiter Euclid Tsakalotos and Economy, Infrastructure, Shipping and Tourism Minister George Stathakis were also present.

The first meeting between the representatives of Greece’s lenders and the Greek government is concluded.

The ‘Quartet’ will receive Greece’s proposal on the new tax bill tomorrow since it seems that issue was also added in the prior actions for the successful completion of the evaluation.

The meeting between Greek government and the representatives of the Institutions started at 17:00 on Monday so as to launch the negotiations on the review of Greece’s economic adjustment program.

The government was represented by Finance Minister Euclid Tsakalotos, Economy, Development and Tourism Minister George Stathakis and Alternate Finance Minister Giorgos Chouliarakis.

The Economist magazine published an article on Greek government saying that “far-left SYRIZA government is tottering”, since a year after its victory, austerity measures and scandals threaten to bring it down.

Economy, Development and Tourism Minister George Stathakis will soon announce four new programs funded by the National Strategic Reference Framework (NSRF), the Secretary General of Public Investments and NSRF Panagiotis Korkolis said on Wednesday in an interview with Praktorio 104.9 FM.

Greek Economy Minister George Stathakis said that entrepreneurship combined with high-quality manpower, strengthened exports and stable taxation are the main points of the new sustainable growth model. Speaking to daily newspaper Avgi on Sunday, he announced that the new growth program will set forth a strategy through which the country will move towards a positive course.

Economy Minister George Stathakis told private SKAI TV that the so-called parallel program to counterset problems caused by the austerity program will proceed as soon as some issues are clarified.