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Sunday, August 18, 2019
Tuesday, September 20, 2011

Greece Announces more Austerity Measures under IMF Pressure

Athens, Sep 20.- The Greek government announced other restrictions for the public sector, as the International Monetary Fund (IMF) demands the country to implement more radical reforms to the economy.

According to the Finance Minister Evangelos Venizelos, several companies depending on state´s subsidy will be closed by the end of 2011.

These new measures were announced before a conference call with representatives of troika ( European Union, European Central Bank and International Monetary Fund), in which the Greek finances will be evaluated before determining whether Greece is eligible to receive the next aid payment.

The Greek Minister also announced that new taxes will be imposed to all owners of any kind of property company in order to collect 2 billion euros had to be covered for the country to be able to meet its obligations while unveiling a special tax on real estate.

The permanent representative of the IMF in Greece Bob Traa, said Greece has to implement the austerity measures, specially the companies´ privatizations and reductions; and the personnel and wages reductions in the public sector.

Meanqhile, Greek unions are preparing demonstrations and strikes against these new austerity measures that the Greek government is analysing under the credit entities´ pressure. (Prensa Latina).