Greece moves closer to troika over fiscal gap, waits for response

EconomyProgramme
Photo by MacroPolis
Photo by MacroPolis

In an effort to reach a compromise with the troika, Greek authorities have a range of proposals mainly aimed bridging the anticipated fiscal gap of about 2.5 billion euros for 2015.

Local media citing government sources indicate that the key measures relate to increasing the VAT rate on hotel services from 6.5 percent to 13 percent and to interventions in the pension system and public sector.

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