Fin Min Pledges to Impose No New Taxes

Fin Min Pledges to Impose No New Taxes

Greece's finance minister Yannis Stournaras said the cabinet will not impose any new taxes, the Athens News Agency-Macedonian Press Agency reported.
"In no way will we impose new taxes," Stournaras said in an interview for a local TV station, the news agency reported.
In a separate development alternate finance minister Christos Staikouras told Parliament that economic recovery is expected to begin in 2014, the news agency added.
"The goals of fiscal policy are being achieved. The country, after many years, has achieved a primary surplus that is sustainable, significant and substantially higher than original and later predictions," Staikouras said. "The economic climate has improved. The cost of borrowing has been reduced. Businesses are starting to draw capital from the markets, are starting to issue bond loans. Deposits are gradually returning to the domestic banking system, even though the losses since the start of the crisis remain high."

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