Dep. Minister Dimitris Liakos: First Targeted Tax Cuts in 2019 Budget

Dep. Minister Dimitris Liakos: First Targeted Tax Cuts in 2019 Budget

The deal reached at the June 21 Eurogroup regarding Greece's debt and exit from the programme was "historic" and "better than expected," according to the Deputy Minister to the Prime Minister Dimitris Liakos, tasked with monitoring the progress of Greece's third programme.
Talking to the Athens-Macedonian News Agency (ANA) in an interview published on Sunday, Liakos gave detailed answers regarding the significance of the Eurogroup's decision and where the country goes from here. The exit from the programme would allow greater fiscal flexibility, he noted, including the possibility of targeted tax cuts from 2019 to ease the burden on those facing the greatest difficulties.
"In practical terms, we will not start paying interest and debt repayments for the loan of the second programme until 2032. Therefore, from today there is a very clear corridor and Greece is fully regaining its access to markets, at interest rates that I consider very enticing," he said.
Liakos also pointed to the first reactions from the markets, such as the drop in Greek bond yields and the impact on exchange rates, which he said were due to the Eurogroup's decision.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.