How the world sees Greece
Prime Minister Alexis Tsipras and Russian President Vladimir Putin discussed energy cooperation in a telephone conversation on Thursday during which the Russian leader expressed his readiness to finance a Greek company that will participate in the construction of a Russian pipeline that would carry natural gas to Europe, Tsipras’s office said.
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The government is planning to issue a special card to 150,000 citizens through National Bank of Greece which they will be able to use to purchase food as part of a new program to help the poor designed by the Labor Ministry.
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The flat value-added tax rate being considered by the government will have to be set at 18 percent in order to have a neutral impact (neither positive nor negative) on its revenues. A lower rate of 16 percent, which is apparently being considered by the government, appears not to have been accepted by Greece’s creditors as it would create a fiscal gap and would entail additional austerity measures.
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Greek-owned United Caribbean Lines Florida has secured one of the first few licenses for the operation of coastal shipping services between the US and Cuba from the US Department of the Treasury, after about half a century without a service.
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German transport company Fraport on Thursday expressed concern over the progress of the privatization process for 14 Greek regional airports, with the preferred bidder for the concession of the terminals citing delays in the procedure despite state sell-off fund TAIPED officials’ recently expressed optimism.
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Greece and its creditors, deadlocked over fresh financing, agree on at least one thing about the country’s mammoth bailout, launched five years ago this month: It hasn’t worked as hoped. But Athens and its lenders—the eurozone and the International ...
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| READ THE ORIGINAL POST AT www.wsj.com |
Whereas Greece's need for its partners' support stems from the country's inability to reform its economy, public administration and political system so ...
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| READ THE ORIGINAL POST AT www.ekathimerini.com |