– The greek Ministry of Finance announced that the new VAT increase will take effect from July 20, the same day when the banks will reopen (although for some media institutions will be closed). The changes relate to products and services, which will increase from a rate of 13% to 23%, as packaged foods, restaurant services and cafés as well as tickets for public transport.
The increase in the for Hotels will enter into force in October, the month in which it will be abolished the reduced VAT rate for the islands of the Aegean Sea. The Ministry of Finance has also confirmed that the banks will be closed until Sunday.
Lagarde: “Lighten debt with grace period” – To exit the Greek crisis “we must restructure the debt in order to lighten the burden,” and more specifically “significantly extend the deadlines, the grace period during which it is not made no payment and reduce interest as much as possible. “So the director general of the IMF, Christine Lagarde, speaking on Europe 1
” Calendar tight, huge challenge “ – “We are not at the end of a process. We open on a very tight schedule and with a huge challenge, “he added, commenting on the agreement reached Monday between Athens and European partners.
an imminent cabinet reshuffle – Meanwhile, the premier greek Alexis Tsipras is working on a cabinet reshuffle in the wake of the resounding registratasi rebellion within his party Syriza in the vote in Parliament on the first package of reforms agreed in Brussels to prevent Grexit. The reshuffle, as press reports in Athens, is expected during the day or at most weekends.
Kostantopoulou: “They treat the Greeks as slaves” – For pasionaria Syriza and Speaker of the House Hellenic Zoi Kostantopoulou “greek debt is illegal, unjust, odious, unbearable”. Kostantopoulou said that “the debt loaded on the shoulders of the poor do not blame them,” and that “they treat us like slaves.” Also, it was created from the old political “with lawlessness and corruption, bribery and astronomical interest rates, to the benefit of banks and foreign companies.”
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