State Legal Council

Lazard hired to take rating over junk level

French company Lazard will be the new consultant of the Public Debt Management Agency (PDMA), replacing Rothschild, with the aim of bringing Greek bonds back to investment grade within the next couple of years.

This decision was reached on Wednesday by the government's Economic Policy Council on the recommendation of the PDMA and an opinion by the State Legal Council.

Swift rebates for dues up to 10,000 euros

The Finance Ministry tabled a draft law in Parliament on Thursday that provides for the immediate repayment of deducted income tax and value-added tax to corporations and individuals for amounts up to 10,000 euros.

The rebates will be paid out without the prior scrutiny of each taxpayer, although the tax administration will be granted the right to perform random checks.

Halt to appeal of Manolada ruling

The government's request for the review of a European court ruling ordering Greece to pay some 600,000 euros in damages for failing to protect 42 migrant strawberry pickers who were shot at by their foreman in Manolada in the Peloponnese in 2013, will be revoked, according to the State Legal Council.

Minister objects to SDOE house raids

Justice Minister Haralambos Athanasiou on Tuesday expressed opposition to a State Legal Council ruling according to which officers of the Finance Ministry’s Financial Crimes Squad (SDOE) are entitled to raid the homes and businesses of taxpayers with debts to the state without having a judicial official present.