The Greek government‘s proposal, in order to make a deal with the country’s creditors, was accompanied by taxes amounting to 7.9 billion euros, while the taxes on the two previous bailout programs amounted to 7.7 billion euros in total.
The storm of taxes is unprecedented, since the taxes accompanying the first bailout program in 2010 were estimated at 3.8 billion euros, while the taxes accompanying the second bailout program were estimated at 3.9 billion euros.
Furthermore, a fact that reveals that the SYRIZA government is planning to rely on taxes is that the Greek government’s cuts in the public sector barely amounted to 500 million euros. At the same time, according to the Greek financial newspaper Capital, 93% of the new proposal measures that were presented to the country’s creditors involved taxes.
Therefore, the International Monetary Fund is on the fence in regards to the new proposal, since it estimates that the new taxes will surely lead to a great depression and thus further increase Greece’s sovereign debt.
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