Austerity

Tax cuts that will boost growth will be a "key priority," Finance Minister Christos Staikouras said in an interview with the Financial Times.
Tax cuts are key to the structural reforms the government wants to implement sooner rather than later, according to Staikouras.

Sales of used vehicles have helped overall sales in the market, as those of new vehicles continue to decline.
As with nearly every market sector, vehicle sales suffered greatly during Greece's protracted financial crisis.

Lawmakers of the main opposition SYRIZA, center-left Movement for Change, the Communist Party and anti-austerity MeRA25 left from an ongoing parliamentary debate on a omnibus bill in Parliament on Thursday, protesting over the submission of two last-minute provisions from Labor Minister Yiannis Vroutsis.

The government is preparing its case for tax cuts and a lower primary budget surplus ahead of the September visit of Greece's creditors for their fourth report under the regime of "enhanced supervision" that has followed three painful rounds of austerity programs.

For Kyriakos Mitsotakis' government to succeed where many others failed, it will take more than "seriousness, humility and speed for an effective policy," as the prime minister put it.

The finance minister of the Netherlands says Greece's new conservative government will have little leeway to change the country's economic reform and debt-reduction policies since they were adopted in agreement with other eurozone nations.

Conservative politician Kyriakos Mitsotakis was sworn in as Greece's new prime minister on Monday after storming to victory on a pledge to create jobs and lure investment to the economically stricken nation.

The New Democracy party defeated Syriza in a landslide victory on Sunday, in Greece's first parliamentary elections since the country's exit from its international financial bailout in August 2018.

Greek Prime Minister Alexis Tsipras on July 5 warned that the country risks a return to the "dark days" of austerity if his party loses a snap election on July 7.

When he set up his own business washing boats and cars on the Greek island of Skyros nearly a decade ago, 42-year old Nikos Vourliotis was a young man with dreams and aspirations.