“Taxes should be appropriate and budgets must be right. Fiscal policy must be well thought and balanced. We will abandon gradually tax measures if we can implement a just tax policy and tax administration,” he said.
Representatives from the European Commission, the European Central Bank and the International Monetary Fund are expected to arrive in Athens for an unofficial review of the progress made in the adjustment programme. The next official Troika review is expected to begin in September during which the fiscal, financial gaps and debt sustainability will be examined.
Speaking at the same panel discussion, Managing Director of the European Stability Mechanism, Klaus Regling stated that there will be “no haircut of Greece΄s debt” and added that it is still unclear if and how much Greece will need as additional financial aid and that it will mainly depend on the results of the European Stress tests expected in November 2014.