Greek Vote Approves a Despised Property Tax
The Greek Parliament voted late Tuesday in Athens to back a hugely unpopular property tax, one of a series of new austerity measures. The vote could clear the way for a crucial injection of international financing meant to at least temporarily stave off a default on government debt.
The property tax,cheap coach handbag the first of its type in Greece, would raise 2 billion euros, or $2.7 billion, this year alone, according to government calculations. The question is whether enough Greek people can or will pay the tax to meet those forecasts.
“I know that a lot is being asked of the Greek people,” the German chancellor, Angela Merkel, said on Tuesday in Berlin during a joint news conference with the Greek prime minister, George A. Papandreou.
Mr. Papandreou was in Berlin for talks with Mrs. Merkel,,wholesale POLO Ralph Lauren SERIES, who sought to sway public opinion ahead of a vote Thursday in the German Parliament on a bill that would bolster the main European bailout fund,Louis Vuitton Handbags wholesale known as the European Financial Stability Facility.
“Through the euro we are closely bound together and the weakness of one affects us all,” she said during the joint news conference.
Meanwhile, lawmakers in Slovenia voted Tuesday to approve their share of the rescue fund’s guarantees. Finland’s Parliament is expected to reluctantly approve the fund measure in a vote on Wednesday, despite formidable domestic opposition. All 17 members of the euro zone must ratify the expanded fund, a process that has delayed its adoption.
The Greek vote on the property tax was widely seen as a crash test for Mr. Papandreou’s embattled Socialist Party, which must in coming weeks pass bills for similarly controversial measures, like a plan to place 30,Golf Ladies Clubs000 public workers on reserve status with reduced wages for the next 12 months. Greek opposition parties say the reserve-status plan is a prelude to layoffs.
The Greek Parliament voted late Tuesday in Athens to back a hugely unpopular property tax, one of a series of new austerity measures. The vote could clear the way for a crucial injection of international financing meant to at least temporarily stave off a default on government debt.
The property tax,cheap coach handbag the first of its type in Greece, would raise 2 billion euros, or $2.7 billion, this year alone, according to government calculations. The question is whether enough Greek people can or will pay the tax to meet those forecasts.
“I know that a lot is being asked of the Greek people,” the German chancellor, Angela Merkel, said on Tuesday in Berlin during a joint news conference with the Greek prime minister, George A. Papandreou.
Mr. Papandreou was in Berlin for talks with Mrs. Merkel,,wholesale POLO Ralph Lauren SERIES, who sought to sway public opinion ahead of a vote Thursday in the German Parliament on a bill that would bolster the main European bailout fund,Louis Vuitton Handbags wholesale known as the European Financial Stability Facility.
“Through the euro we are closely bound together and the weakness of one affects us all,” she said during the joint news conference.
Meanwhile, lawmakers in Slovenia voted Tuesday to approve their share of the rescue fund’s guarantees. Finland’s Parliament is expected to reluctantly approve the fund measure in a vote on Wednesday, despite formidable domestic opposition. All 17 members of the euro zone must ratify the expanded fund, a process that has delayed its adoption.
The Greek vote on the property tax was widely seen as a crash test for Mr. Papandreou’s embattled Socialist Party, which must in coming weeks pass bills for similarly controversial measures, like a plan to place 30,Golf Ladies Clubs000 public workers on reserve status with reduced wages for the next 12 months. Greek opposition parties say the reserve-status plan is a prelude to layoffs.