Greek PM keeps mum on tax reduction

Prime Minister Kyriakos Mitsotakis left his papers closed for the interventions of tax reductions and reliefs, during a press conference he is giving at this time.

“The de-escalation of taxes for the next 4 years, if the people trust us, will be based on the financial margins”, he noted.

Furthermore, he noted that the temporary reduction of indirect taxes “personally does not agree with me, citing as an example countries that implemented it and lost revenue, while the reduction did not reach consumers.

In addition, he did mention some interventions saying that some tax reduction measures will have permanent features.

“We’ve actually seen the worst”

Responding to a question about inflation and profiteering, the PM noted that we have seen the worst.

More specifically, the prime minister said: “I am not naive, there will always be businesses that will try to take advantage of the crisis. The Household Basket offered transparency to essential products. Consumers are more aware and it makes sense. They do market research. We have control mechanisms and we are exhausting the possibilities. Inflation will decelerate further in the coming months. I believe we have seen the worst.”

The prime minister then pointed out that a provision on obscene profit exists and is strictly enforced.