Greek Premier Offers €1.6 Billion Tax Cuts to Spur Middle Class
Greek Prime Minister Kyriakos Mitsotakis has announced a significant tax reform package worth €1.6 billion ($1.9 billion). The main goal of this initiative is to provide relief and support to the country's middle class, which has faced challenges in recovering from the economic crisis that has plagued Greece in recent years. The proposed tax cuts include reducing the income tax rate for middle-income earners, raising the tax-free threshold, and introducing new tax brackets. These measures are intended to increase the disposable income of the Greek middle class, potentially stimulating economic growth and consumer spending. The prime minister's announcement comes as part of a broader effort to revive the Greek economy and address the concerns of the nation's middle-income population, who have struggled to regain financial stability in the aftermath of the prolonged economic crisis.
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