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  • EC publicizes proposal that Greece claims it never received

    The President of the European Commission Jean-Claude Juncker is to give a press conference at noon on Monday, where he is…

    The President of the European Commission Jean-Claude Juncker is to give a press conference at noon on Monday, where he is expected to comment on the dramatic developments in Greece.

    An announcement regarding the press conference was issued at midday on Sunday, after the European Commission publicized what it claimed to be an improved reform proposal, which the Greek government has argued it never received. In this revised reform plan the institutions appear to have accepted Greece’s proposal for 13% VAT rate for hotels.

    Greek government sources have noted that they never received this proposal and instead were given an ultimatum to come sign an agreement.

    According to the sources, on Wednesday the institutions demanded a 23% VAT rate on food and 13% rate for hotels to come into effect on the 1st of July. When the government refused, the institutions demanded that 23% VAT rate for bother food and hotels.

    The government claims that the only concession that the creditors made in the final proposal was to keep the VAT for hotels at 13%, rather than 23%.

    The European Commission’s proposal

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