The gap by the changes in property tax stands at 400 million euros
The gap by the changes in property tax stands at 400 million euros
Lenders calculate an additional 150 million euros in the estimates for a 250 million gap after the interventions of ND and PASOK MPs - This affects the whole negotiation for the size of the fiscal gap
After eighteen months of consultations on the new property tax, the Thomsen team showed YannisStournaras that it does not accept the plans for the new property tax in one of the toughest meetings to date. Stournaras is currently updating PM Samaras about these developments.
As a leading factor of the Greek economic team said "there is a problem with the property tax from Troika as it is raising the gap by 100 million euros more.”
Reportedly, the representatives of Greece’s lenders calculate an additional shortfall of 150 million euros, in addition to the government estimate of a 250 million gap due to the tax changes. Troika has not yet accepted that the 250 million euros could be covered by an equal cut of the Public Investment Program.
This development affects the whole negotiation about the size of the fiscal gap, as the Greek government says it does not exceed 1.3 billion euros (from 500-800 million it estimated earlier) while Troika will not fall below 1.5 billion euros, constantly raising its claims.
The Greek government's goal is to reach an agreement by Dec. 9. This date is considered crucial due to the Eurogroup meeting, and the Greek side must show that it has achieved results, at least in the four prerequisite actions.
"We will probably reach a deal until December 9. Difficult, but we will fight for it," said the same MoF factor.
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