Greece’s Enikos newspaper has confirmed that the IMF presented Greece with new counter-proposals.
And they do indeed insisting on tougher pension and VAT reforms — to yield a full 1% of GDP, and a smaller rise in corporation tax.
The IMF also wants early retirement rules to be tightened up faster, and and end to lower VAT rates in Greek islands (a red line for Tsipras’s coalition partners, ANEL).
Fra Guardian og Wall Street Journal
Here’s why talks between Greece and creditors are in crisis again
Greece and its creditors are still deeply divided over three key areas — corporate taxation, the overhaul of Greece’s pension system and value-added taxes.
That’s according to the latest counter-proposal from the Institutions, which the Wall Street Journal has seen. And whichGreece has rejected.
According to the WSJ, Greece’s creditors won’t accept some of the tax rises on businesses, which they want toned down.
But they also want more money clawed from consumers through VAT hikes.
And Greece’s plan to raise pension contributions while protecting payments to existing pensioners is also being challenged. Creditors want more frontline cuts.
Divisions Remain as Eurozone Finance Ministers Meet Over Greece Deal
