Vlady Mihai: "We must realize that the recession of the last three years will extend into the fourth. We must realize how serious the recession to understand the divergence estimates from Troika EU / IMF / ECB in May 2011," Venizelos said in Parliament.
The Athens authorities have introduced a new tax on real estate, in order to meet targets for revenue, expenses and a deficit of 7.6% of GDP, which is essential to receive funding from the International agreed last year.
According to National Statistics Service, Greek economy contracted by 7.3% in the second quarter compared to same period last year, after a decline of 8.1% in the first three months.
Venizelos said the widespread tax evasion, to explain the decision to impose new taxes on wages in the medium-term plan passed in July.
He said that only 160,000 Greeks declared annual revenues of more than 50,000 euros, and only 25,000 declared income in excess of 100,000 euros.
Venizelos added that the property tax the government has opted for a measure with the least impact on the economy.
I hope Greece will solve their problems and we'll hear good news about their economy.
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