Many Greek businesses are struggling: capital controls and two weeks of bank holidays means they have insufficient revenue to pay state taxes. They need a urgent solution.
Euronews spoke to Giorgos Kavathas, President of the Confederation of SMEs, who asked, “where do negotiations start? From point zero? Do we start [negotiating] on the basis of the Greek government’s proposal of the 7.9 billion euros [of measures] or the 11 billion euros proposed by our partners and creditors? I cannot accept a deal that will include a raise of direct and indirect taxes which may lead to a further reduction of people’s disposable income.”
As the Greek government planned to keep banks closed for at least a few more days, euronews correspondent Symela Touchtidou reported: “After the clear outcome of the referendum, the Greek business community now longs for the peace and calm of the Greek people, so normality will be restored and the damage to the Greek economy will be contained.”