Greece’s new Prime Minister Kyriakos Mitsotakis vows growth
Prime Minister Kyriakos Mitsotakis has said Greece will ease taxes on its citizens while upholding austerity targets set by foreign lenders. The new premier vowed growth plans would be a “pleasant surprise for Europe.”
Reiterating his election pledge for a “rebirth of the middle class,” newly elected Prime Minister Kyriakos Mitsotakis told parliament Saturday he would immediately implement a reduction of a highly unpopular property tax, while pledging to fully respect the fiscal targets Athens has agreed with its international lenders.
Mitsotakis said the property tax, introduced at the height of the euro crisis in 2012, would be cut by an average 22% this year. He has also offered to reduce income tax thresholds and to gradually cut tax on business profits, measures his supporters — squeezed by tax increases — have welcomed.
With savings and growth initiatives, he added, “we will make Greece a pleasant surprise for Europe.”
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