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Greeks to see no tax relief until budget improves

 Greece's Prime Minister Antonis Samaras, left and his Irish counterpart Enda Kenny wave to the media prior to their meeting at Maximos Mansion in Ath...

Greece EU Ireland

Greece's Prime Minister Antonis Samaras, left and his Irish counterpart Enda Kenny wave to the media prior to their meeting at Maximos Mansion in Ath...

Greece's prime minister says his government cannot lower taxes before the public deficit falls further, but pledged to eventually slash the corporate tax rate to a flat 15 percent.
Prime Minister Antonis Samaras made the promise at a meeting in Athens on Thursday with Irish Prime Minister Enda Kenny.
Greece has imposed a series of emergency taxes and spending cuts in exchange for international bailout loans, but the measures hurt economic growth and caused a surge in unemployment and poverty.
Samaras described Ireland as a model for Greece in repairing its public finances. Kenny repeated his assurance that Ireland would complete its bailout program by the end of the year.
Greece's program end in 2016.


Updated : 2021-01-20 06:20 GMT+08:00