Insider Economy Greek PM Tsipras to announce tax, pension relief measures as polls loom

Greek PM Tsipras to announce tax, pension relief measures as polls loom

Greek Prime Minister Alexis Tsipras will unveil tax and pension “relief measures” on Tuesday, weeks before a European Parliament election, a government official told Reuters.

Greece emerged from its third international bailout in August last year and has been outperforming fiscal targets agreed with its international lenders, giving the government leeway to proceed with handouts in an election year.

Tsipras and finance ministry officials were expected to make announcements and hold a press briefing at 1900 (1600 GMT).

The government official declined to give specific details about the tax and pension measures. Another government official referred only to “relief measures” with no other details.

According to local media reports, the new measures were likely to include a permanent benefit for pensioners, who had their bonuses slashed at the peak of Greece’s debt crisis in 2012, as well as tax reductions for low income earners.

Late on Monday, the government submitted to parliament a bill giving relief to millions of people owing tax and pension contribution arrears.

Tsipras’s term ends in October and he has ruled out early polls. His Syriza party is trailing the conservative opposition ahead of European parliament elections, which will coincide with local elections on May 26.


Top Stories

Fourteen new corona virus cases detected out of 3,387 tests

According to the Epidemiological Surveillance Unit of the Ministry of Health 14 new cases of the SARS-CoV-II virus were detected out of a total...

Steps taken for the reduction of nuisance in cities

Measures are being taken by police to alleviate the phenomenon of public nuisance caused during the night hours in the cities. In addition to daily...

Remdesivir quantities in Cyprus – fight against Covid-19 intensified

Health Minister Konstantinos Ioannou said that Cyprus has received quantities of the medicine Remdesivir, strengthening its arsenal in the fight against the corona virus. In...

Three people wanted for shoplifting in Paphos

A store owner in Paphos made a formal complaint to police on Thursday claiming that three people - two men and a woman who...

Archaeologists find 1800-year-old entrance to historic Zerzevan castle in eastern Turkey

The 1800-year-old entrance to historic Zerzevan Castle, which is on the UNESCO World Heritage Tentative List has been unearthed by archaeologists in eastern Turkey. Excavations...


Octopus ‘Kathisto’ (or Octopus braised in Wine)

Ingredients: 1/2 cup Greek extra virgin olive oil 2 medium onions, chopped fine 1 large octopus, about 2kg (cleaned and kept whole) 3/4 cup dry red wine 1/3 cup...

Homemade lemonade

Ingredients: 1 cup lemon juice 1 cup sugar Method: Thoroughly wash the lemons with soap and warm water. Roll each lemon with the palm of your hand, pressing...

‘Striftaria’ mini cheese pies

Ingredients 1 ½ cup milk 2 tbsps. flour 4 tsps. of butter 3 eggs, slightly beaten + 1 extra with 1 tbs. of milk for spreading 1 pack of...

Mini potato canapes baked on salt

Ingredients Serves: 12 1kg small Cypriot potatoes rock salt, as needed 250g salted butter 300ml full fat cremé frâiche 1 pot cod or salmon roe Method Prep:20min › Cook:35min › Ready in:55min Take...