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Tuesday, 17 July 2012

GREECE: Finance Minister Yannis Stournaras

“Cut whatever you can” before troika cuts it all
Finance Minister Yannis Stournaras called all the ministers to come up with "pragmatic proposals", adding that whatever will not be agreed will be cut from himself and the political leaders, in light of the consultations with troika which returns next Monday.

A government agent said that "a minister cannot propose cuts of 100 million euros while he knows he can cut 2 or 3 billion." Another said that the ministry of Labour will be the "weightlifter in the national effort," adding that everything will be done fairly.

The same sources reported that "the government is proceeding on the basis of the memorandum and the KEPE study on the costs that can be cut without jeopardizing public safety. It is a team game and we must all help. We have an obligation to present a comprehensive proposal with numbers when the troika comes back."

In the wake of the information to impose a cap on high pensions, agents of the Finance ministry said that all proposals "are on the table." For the special paurolls the government "has already sent its proposals for the equivalent ones, as well as for the issue of income tax installments."

Especially for the installments and how to pay the special real estate fee calculated by PPC, announcements are expected on Wednesday after the meeting of political leaders for the new midterm measures for 2013-2015.

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