Social partners demand 'growth off-set' measures to deflect looming 'tax raid'

Friday, 20 May 2016 20:42
UPD:20:45
REUTERS/THOMAS HODEL

The announcement comes days ahead of a contentious vote in Parliament over the second tranche of austerity measures -- worth 5.4 billion euros -- to fulfill memorandum-mandated fiscal targets through 2018.

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Greece’s major social partners, including employers’ association and trade unions, on Friday demanded that the government offer “growth off-set” measures in the face of a looming “tax wave”, warning that otherwise entrepreneurship and business activity will “choke” in the country.

“The current draft bill needs growth off-set measures that will send a message to the country’s productive forces that the path we are following is, of course, difficult, but does not choke Greek entrepreneurship, employment and the growth potential of the Greek economy,” a joint statement read.

The announcement comes days ahead of a contentious vote in Parliament over the second tranche of austerity measures -- worth 5.4 billion euros -- to fulfill memorandum-mandated fiscal targets through 2018.

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