| Author (Person) | Chaffin, Joshua, Hope, Kerin |
|---|---|
| Series Title | Financial Times |
| Series Details | 18.11.11 |
| Publication Date | 18/11/2011 |
| Content Type | News |
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Article reports that Greece and Switzerland opened talks in November 2011 on a deal that would allow Athens to recoup taxes on some of the billions of euros its citizens had deposited in offshore banks. Greece is being aided in the negotiations by a special task force created by the European Commission, the European Union’s executive arm, to help the country carry out the economic reforms it promised in return for a €110bn ($150bn) rescue package earlier in 2011. The Task Force for Greece published its first quarterly report on the 17 November 2011. It said that out of the €60bn of uncollected taxes, only 6 to 8bn could realistically be expected to come into state coffers. EU team identifies key weaknesses to address Task Force head calls for major restructuring of public administration and faster absorption of EU funds By Costas Karkayiannis BRUSSELS - A seemingly endless list of very serious structural problems in the Greek public administration, from the inability to collect taxes to problems in absorbing European Union funds, was presented on Thursday by the head of the EU Task Force for Greece, Horst Reichenbach. The German official expressed some reserved optimism over the Task Force succeeding in its mission within the next two to three years for the modernization of the Greek state, but refused to present targets for the combating of tax evasion. He did, however, say that out of the 60 billion euros of uncollected taxes, only 6 to 8 billion can be expected to come into state coffers. The three main objectives of the Task Force for Greece were: + improving the absorption of EU funds to bolster employment and the competitiveness of Greek economy |
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| Countries / Regions | Greece, Switzerland |
