EU recovery plan could allow tax cuts

Finance Minister Christos Staikouras suggested on Thursday that the funds Greece expects to receive from the Next Generation EU recovery package as proposed by the European Commission on Wednesday could allow for a reduction in taxation.

According to Staikouras, in October the government will submit its proposals for the utilization of resources - 22.5 billion euros in grants and possibly 9.4 billion euros in loans. 

The government's objective will be to address the consequences of the coronavirus pandemic on businesses, employees and health, while at the same boosting economic the recovery in the coming years. 

However, according to the Commission's plan, the aim is public investments, which puts pressure on Greece, given the below par performance of its Public Investment Program in recent years.

The weak point from which Greece is starting its quest...