Greek PM announces tax breaks to ease cost of living crisis ...Middle East

The tax deductions were revealed during his annual economic policy speech as his government addresses declining popularity linked to persistent cost of living challenges and corruption allegations.

Mitsotakis stated that supporting household income remains an absolute priority given the financial pressures facing Greek citizens.

The country nevertheless maintains Europe’s highest debt levels while disposable incomes continue to lag behind the European Union average despite substantial minimum wage increases.

Mitsotakis also confirmed pension increases and the elimination of real estate taxes in remote areas to encourage migration from major cities.

Thousands of protestors gathered in Thessaloniki during Mitsotakis’ speech demanding higher salaries and improved living standards through separate trade union demonstrations. – Reuters

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