“The VAT hike in restaurants and hotels is due to the shortfall in tax revenue” Jeroen Dijsselbloem said replying to a relative question posed by ND’s MEP Giorgos Kyrtsos at yesterday’s meeting of the Economic and Monetary Committee.

The president of the Eurogroup underlined that if VAT rate was reduced, it would pose great obstacles in the adjustment process.

Each country makes its choices and must reach a threshold, Klaus Regklingk noted stressing that Athens makes its choices and should present equivalent measures to achieve the fiscal targets.