The imposition of new taxes and the increase in VAT rates reflect the failure of the government’s economic policy just one year after the elections.
The government’s inability to deal with government debt leads to a violation of Greece’s obligations as a member of the Eurozone, but also to a political cheating of its voters promising benefits, not new taxes, pre-election.
After many years of steady rises, public debt reached 266 billion euros in 2007, or 49 billion more than in 2006. With public debt above 110 percent of GDP, Greece has the worst performance in the European Union as the share this exceeds the 44% ceiling set by the Eurozone’s Stability Pact. So every Greek and Greek (including infants) owes about 21,000 euros due to the mismanagement of the governments he elected.
The only solution to reducing public debt would be to reorganize the state, to hit corruption, while lifting the permanence of civil servants, and developing the economy with tax cuts that would tighten the investment and extroversion of Greek businesses.
To the contrary, the Greek government attempted to reduce the public debt as a percentage of GDP by attempting to deceive the European Union’s Statistical Service, in which it presented a “25% increase” in GDP and, on the other hand, the introduction in the new budget of 2009 of new taxes of € 6 billion. This unprecedented 12.3% annual tax increase mainly concerns the imposition of an annual real estate tax, an increase in real estate values and an increase in VAT rates. On the contrary.
We believe that the deception – with accounting scams – of the “kukofragon” and tax evasion raids against Greek workers and entrepreneurs is not a recipe for economic growth that would create wealth and jobs for all.
For this we propose – after the elections – another development model based on the free economy, the reduction of the state and taxation, the extroversion of enterprises and the stimulation of investments, so that Greece can successfully exploit the opportunities offered by it globalized markets.