SEV: Positive development the apparent government-creditors agreement

SEV: Positive development the apparent government-creditors agreement

Athens, June 24, 2015/ Independent Balkan News Agency

By Spiros Sideris

In an intervention on the content of the agreement between Greece and the institutions, the president of the Hellenic Association of Industrialists, Theodoros Fessas, who warns about the ineffectiveness of overtaxation and advocates further cutting and better targeting of government spending, as well as direct implementation of measures to tackle tax evasion; which deprive resources from salaries and pensions of the Greek citizens. Indeed, he states that “the national responsibility of all political and productive forces in the country currently requires unity and cooperation”.

According to Fessas, “in front of the risk of derailment of the European perspective of the country, progress in the negotiations and the apparent agreement between the government and our European partners is a very positive development” and reminds that “SEV supported and actively support a development agreement and prospects for the Greek economy, which will promote structural changes, will cut costs and will not lead businesses and workers to suffocation through the excessive taxation proposed”.

The Industrialist expect, according to the statements of Fessas, from the government to present more options that can reverse the recessionary threat to the country’s national economy. What’s needed thought, as he claims, are “further budget cuts and better targeting of public spending and direct implementation of measures to fight tax fraud and evasion, which deprive resources from salaries and pensions of our fellow citizens. In this effort we can contribute constructively with policy recommendations and good practices from around the world. With determination and cooperation, overtaxation can indeed have a temporary character and be replaced by development friendly interventions”, he stresses.

“The national responsibility of all political and productive forces in the country currently requires unity, cooperation and determination to move forward and avoid losing other opportunities”, he concludes.