Opposition leader promises tax cuts without prior approval of creditors

New Democracy leader Kyriakos Mitsotakis - eKathimerini

Naftemporiki — Main opposition New Democracy (ND) president Kyriakos Mitsotakis  emphasized  Tuesday that if elected in office,  his government will proceed with tax cuts for businesses and self-employed professionals without the prior approval of institutional creditors.

Mitsotakis, a former administrative reform  minister in the Samaras government, spoke on the occasion of the one-year anniversary of leadership of ND.

Speaking live on a local television station’s prime-time newscast, Mitsotakis directly referred to a “unilateral reduction” of tax rates.

He expressed confidence that creditors’ will approve ND’s plan, which will include equivalent specific spending cuts.

Asked on touch on a sensitive issue that often haunts the pro-reform Mitsotakis, namely, possible redundancies in the public sector, the ND president and son of former premier Constantine Mitsotakis said spending cuts do not translate into firings.