10 days race

The economic team has been engaged in a race to do what the lenders have asked, in order them to state that the gradual reduction of taxation is an option that should be considered in Greece. Naturally, with asterisks; meaning that the average Greek will not feel the ... promising tax cuts.

Taxation "lifting"

Taxation is the only option for the government to dispel negative impressions of parliamentarians and citizens around the state of the economy. Do not forget that we have before us the election of President and .. the reassurance of 180 Members.

Excise duty is probably the only part of the taxation that if will be reduced, will be real helpful for the people. This measure not only failed, but had cost of half a billion to the budget!

On the other hand, the solidarity levy may be reduced just because cannot be applied in the next years because it is not permanent!

The reduction of the income tax is a ... fairytale. What they have already discuss with the troika is the income tax reduction for employees and retirees for amounts exceeding € 42.000. The aim is to reduce the maximum rate of 42%. Let's wonder, how many employees - retirees declare income over 42,000 Euros, anymore.

Communicative ... taxation

All these, and many more are the main themes that the government will press to insure from the lenders in the assessment of September, even as a first commitment, in order the Prime Minister to use it in his speech at TIF, a few days after the meeting of the Government - Tripartite Committee in Paris.

There Antonis Samaras should have something to say to the people and the MPs, as a sample of the policy change, talking about the ways out of the crisis. The reduction in taxation that is a major issue for the citizens will be the communication asset of government, but perhaps the dilemma, in view of early elections.

Hot fronts

Government and troika know well that they have not yet touch the major "hot" issues. The insurance and labor although it should have been arranged with a bill, months ago and are constantly postponed. Both sides are aware of the people's reactions.

In fact, the government knows that there is the danger, everything to collapse like a house of cards.

The pension cuts are probably inevitable again, as pension funds are in tatters. So, as you know, they will guarantee, from now on, a minimum pension and thereafter they will give whatever is left!

The redundancies in the private sector are another front that has been 'frozen' by the previous evaluation of the troika.

Of course, if the insurance issue is combined with the "red" loans (e.g. leading to foreclosures on mortgage loans), then the combination is ... explosive!