Prime Minister Kyriakos Mitsotakis, in his meeting on Tuesday morning with President of the Republic Konstantinos Tasoulas, referred to the “very bold tax reform” announced at the TIF, which aims at “reducing taxes, increasing wages.”

As he said, among other things: “We are in the pleasant position of being able to reduce taxes and increase spending. The expectation is that every year the growth surplus will be returned to society in a fair way and with respect for fiscal rules.”

For his part, Mr. Tasoulas commented: “Fortunately, the economy allows for such openings,” making a special reference to the need for political stability.

“The most important thing is that these measures come from our capabilities and not from a desire to be liked,” added the President of the Republic.

Mitsotakis’ statements

Opening his remarks, Mr. Mitsotakis told Mr. Tasoulas: “At the TIF I had the opportunity to outline a program of interventions to support society against high prices.”

“It is the government’s choice to channel the fiscal space from the growth surplus and the fight against tax evasion,” the Prime Minister continued, speaking of a “very bold tax reform with a single goal: we reduce taxes, we increase wages in a different way.”

Mr. Mitsotakis also referred to “the emphasis we place on children, since the more children a family has, the greater the tax relief,” and to a “significant intervention for young people.”

He also highlighted the “initiatives for Greece’s regions with the abolition of ENFIA (property tax) in all villages with fewer than 1,500 inhabitants. It is the least we can do to support the regions,” as well as the “very important measure of reducing VAT on the border islands. Let me remind you that under the relevant EU directive we initially did this for the five islands that bore the brunt of the migration crisis.”

“We are in the pleasant position of being able to reduce taxes and increase spending. This is the crowning achievement of economic policy. The expectation is that every year the growth surplus will be returned to society in a fair way and with respect for fiscal rules,” added Kyriakos Mitsotakis.

Finally, he noted that “the increases will be visible from January 1, 2026,” while reminding that “we have already announced measures worth €1.5 billion that will take effect from November.”

Tasoulas’ statements

“If the economy had not achieved such success, we would have had to be more restrained. Fortunately, the economy allows for such openings,” said the President of the Republic.

As he noted, “the package of benefits is proof of the economy’s success and fiscal discipline, so that the country does not enter into adventures as in the past.”

On the occasion of the anniversary that “on this day in 1951 we had elections in Greece that did not bring stability or single-party governance, while growth began after 1952 when we had majority governments and Greece moved away from the ‘Poorhouse’ mindset,” Mr. Tasoulas stressed that “political stability matters, and at this point let me say this is a constitutional imperative. Article 41 of the Constitution includes the President’s authority to dissolve Parliament if two governments are voted down and political stability is not ensured.”

“The most important thing is that these measures come from our capabilities and not from the desire to be liked,” concluded the President of the Republic.