[Opinion] Stournaras: No to a Generalized VAT Reduction – What Does He Say About Accuracy, Banks and the Third Term in the Bank of Greece

Libre

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“Fiscal space is not unlimited and, in my opinion, it would not be appropriate to allocate it to a generalized and permanent reduction in VAT rates. In several EU countries, the VAT reductions adopted to address the energy and inflationary crisis were temporary and targeted in nature, mainly due to their high fiscal cost and the need to maintain fiscal balance.” The above is supported by central banker Yiannis Stournaras, speaking to manifesto.g…

dnews.gr

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The same argument for the government not to reduce VAT. "With capital controls, we even feared bloodshed," states the Governor of the Bank of Greece, Yiannis Stournaras, in the "Manifesto." "In the summer of 2015, the country came closer than ever to the brink. The risk was exacerbated by inadequate political management," he notes characteristically. G. Stournaras, however, identifies with the government on the issue of not reducing VAT rates. T…

insider.gr

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The longest-serving Governor of the Bank of Greece, Yannis Stournaras, speaks about the personal stakes of his historic third term.

Business Daily

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Yannis Stournaras sets the acceleration of reforms, maintaining fiscal responsibility and strengthening competition as priorities, while he is against a generalized reduction in VAT, favoring targeted support for the vulnerable.