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> Economy

IMF sends out ultimatum demanding tax increase in the island regions as well as further pension cut backs

It is also demanded that enterprises are excluded from the 100 doses regulation

Newsroom November 26 10:08

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Following exhaustive discussions in Paris, the main disagreement between Troika and the Greek regulation is the fact that Troika demands a permanent source of income to cover the financing gap of 2015.

According to reports, all other issues discussed are closed but lenders are strictly uncompromising on the following:

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Greek government launches price reduction initiative covering 1,740 products

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– Enterprises to be excluded from the 100 doses regulation

– Pension cut backs or tax increase in the island regions from 6.5 to 13%

However, the Greek delegation did not even discuss the possibility of a new change to the Law on doses or pension cut backs or increasing VAT and therefore the talks at this stage had an inglorious end.

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