Crisis: deal on taxation of Greek money in Switzerland soon
Thursday, 12 April 2012
(ANSAmed) - ATHENS, APRIL 6 - Greece's government said an agreement with Switzerland on the taxation of Greek deposits may be signed before the coming elections, in about a month's time, as Reporter.Gr wrote. Finance Minister Philippos Sachinidis said on TV talks would begin in coming days, while the ministry was conducting cross-checks to identify transfers of money that was not taxed in Greece. He expressed reservations regarding the size of Greek deposits abroad. Sachinidis said there was no current consideration to fully compensate the private smallholders of Greek bonds after the haircut (PSI). "There are many legal problems... PSI is still developing. We must protect the country against legal complications," he said. Regarding the competitiveness of the Greek economy, Sachinidis said it was a chronic problem of the country and that, "driving salaries as low as Bulgaria's will not solve the problem". Finally, he expressed the view that, "if all goes well, we anticipate the country will return to growth in 2013".
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