Her negotiations are reaching a climax government with the technical teams of our creditors regarding the issue of the new debt settlement. According to reports, there will be a special teleconference on this issue today.
His circles Ministry of Finance express their belief that The new debt settlement plan will include at least 60 installments.
In the ongoing discussions, the following issues have been put on the table for negotiation:
-A new debt restructuring plan involving 60–72 installments, with creditors wanting to impose a restriction so that only debts incurred during the pandemic are included. Greek negotiators, on the other hand, are pushing for other debts, such as income tax or even the ENFIA even debts owed to social security funds. If an agreement is ultimately reached, this 60- to 72-installment payment plan is expected to take effect in early 2022.
-Reinstatement of the 100- and 120-installment payment plans for those who, due to pandemic and the social exclusion measures failed to keep the program afloat and ensure consistent payment of the installments. If an agreement is ultimately reached, the reinstatement will apply to those who had enrolled in the 100- or 120-installment plans and were removed from the program after March 2020 (when the lockdowns began).
The economic team’s goal, in the context of the 11th review, is to convince the creditors’ representatives to to make the VAT reduction to 13% permanent for package tours, tickets, coffee, non-alcoholic beverages, movie theaters, and theaters.
To understand what is happening, it suffices to note that overdue debts to the Independent Authority for Public Revenue (AADE) had reached 109 billion euros by the end of April. Similarly, unpaid taxes in the first four months of 2021 exceeded 2 billion euros, while taxes that remained unpaid in the first four months of 2021 reached 2.33 billion euros.
