Saturday , May 27 2017
Home / News / Economy / Tsipras pledges mammoth package to restore Greek economy

Tsipras pledges mammoth package to restore Greek economy

Alexis Tsipras, leader of major opposition left-wing SYRIZA announced a package of economic and social measures should his party win the next elections. Speaking at the International Trade Fair of Thessaloniki, Tsipras pledged that his party would manage a big write-off of the public debt with Greece’s lenders and outlined the economic policies in order to overcome the recession.

Tsipras’ economic plan foresees a package of 13,5 billion euro:

2 billion euro for the humanitarian crisis

6.5 billion euro for the restart of the economy

5 billion euro to revive the labor market via EU-funds for job creation

Among others, Tsipras announced to :

– abolish the unified property tax (ENFIA) and introduce property tax for properties worth more than 500,000 euro.

– raise the tax-free threshold to 12,000 euro (now no tax-free)

– raise the minimum wage to 751 euro (now 580 euro)and raise the tax-free threshold as well as the minimum wage if it comes to power.

-restore the 13th and 14th pension to pensioners receiving below 700 euro.

– raise of unemployment allowance (now 360 euro)

– options to write-off “red debts”.

He also said SYRIZA would seek to put 20 billion euros of 68 billion in tax arrears in a seven-year payment plan. This would bring 3 billion euros into public coffers in the first year, the opposition leader claimed. (ToVima, ekathimerini,  )

Do you think, Tsipras’ plan is realistic?

Check Also

Ex Greek PM Papademos injured when he opens letter bomb

An explosion occurred in the car of former prime minister Lucas Papadimos short after 6:30 …