Greece is seeking to persuade its creditors that it is “entitled to a tax cut in 2015 after years of austerity since the country is now on track to outperform its fiscal targets by a comfortable margin this year” says Financial Times.

According to Financial Times, Greece will request tax cuts in 2015, stressing that among the measures that Mr. Hardouvelis will propose to troika are tax relief on VAT, on excise duties on heating oil and solidarity levy.

“Cuts to any of those levies would offer much-needed relief to Greek taxpayers burdened by unprecedented property taxes and other special measures to help pay for the bailout. It would also reinforce the message that Greece has at last emerged from a historic crisis.” reports Financial Times.

According to the article published, Greece can achieve up to a 1% growth in 2014.

Also, FT mentions a statement of a central bank official according to whom “the economy grew by around 0.5 per cent in the second quarter according to our estimates”.

“If the central bank figure is confirmed, Greece’s output could grow this year by around 1.0 per cent, compared with the troika’s projection of 0.6 per cent, driven mostly by a record summer season for tourism, according to private sector economists” Financial Times refers.