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Athens News Agency: News in English, 10-03-19

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greek bond market closing report
  • [02] LA.OS leader opens round of meetings with former PMs
  • [03] Main points of new tax bill

  • [01] Greek bond market closing report

    (ANA-MPA) -- The yield spread between the 10-year Greek and German benchmark bonds widened further to 319 basis points in the Greek electronic secondary bond market on Friday, with the Greek bond yielding 6.31 pct and the German Bund 3.12 pct. Turnover in the market was around 1.5 billion euros.

    In interbank markets, interest rates were largely unchanged. The 12-month Euribor rate was 1.24 pct, the six-month rate 0.99 pct, the three-month rate 0.71 pct and the one-month rate 0.48 pct.

    [02] LA.OS leader opens round of meetings with former PMs

    Popular Orthodox Rally (LA.OS) leader George Karatzaferis opened a round of meetings with former Greek prime ministers on Friday, stressing that he wants to know what their thoughts are and what advice they have to offer in this time of crisis for the country.

    Karatzaferis launched the initiative by meeting with former premier and honorary president of main opposition New Democracy (ND) party Constantine Mitsotakis.

    The next meeting will be with former PASOK PM Costas Simitis.

    [03] Main points of new tax bill

    (ANA-MPA) -- A bill envisaging the reform of Greece's taxation system will be tabled by the government in parliament next Tuesday. The main principles of the draft law were presented to by finance minister George Papaconstantinou to the Inner Cabinet on Thursday.

    With the new tax bill, the government will introduce a single, more progressive tax scale for all incomes aimed at redistributing tax burdens between low and medium incomes, lowering tax burdens for personal incomes up to 40,000 euros and introducing a 45 percent tax scale for incomes higher than 100,000 euros.


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