The six reforms to be presented by Greek FinMin at the Eurogroup

The six reforms to be presented by Greek FinMin at the Eurogroup

Athens, March 4, 2015/ Independent Balkan News Agency

By Spiros Sideris

The Greek government will go to the discussions with institutional partners carrying in its bag a package of six reforms, aiming at a new agreement, which may allow the partial payment of the installment of EUR 7.2 billion, in the framework of the expansion of the loan agreement by June.

The reforms will be presented to the Eurogroup by Finance Minister, Yanis Varoufakis, who has already, through his many interviews, described some of them, always in agreement with the framework of election commitments made by the government.

Four of the six reforms concern tax issues, as the government and the economic team throwing the weight of effort on the revenue, in order to cover as soon as possible the one billion euro “hole” in the revenue that has been recorded by the relevant departments of the Finance Ministry.

Thus, according to government sources, the reforms are:

1./2. Humanitarian Crisis – Administrative Reform

This is a major effort to combat the poverty triptych (feeding – roof – energy efficiency) which will be combined with the administrative reform the country so desperately needs (e.g. use of Citizen’s smart Card)

  1. Bill on the regulation of arrears in the public and social security funds

Unlocking and reintegration of millions of borrowers in the taxpaying process in such a way, however, as to help create fiscal consciousness – Does not “trim” the main outstanding debt, while it rewards those consistent in their payments.

  1. Reform of the Tax Administration
  2. Activation of the Fiscal Council
  3. Creation of a new flexible body targeted tax audits consisting of strictly temporary auditors.