Economics
Tsipras Tests Greek Budget Credibility With Pitch to Voters
- Politicians step up tax-cutting promises before elections
- Prime minister pushes to rescind pension cuts next year
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Greek politicians are gambling their post-bailout credibility with lenders and investors on voter-pleasing promises as they look to elections that may be just months away.
Prime Minister Alexis Tsipras has pitched rescinding unpopular pension cuts slated for January, while both he and opposition leader Kyriakos Mitsotakis are promising lower taxes. The government unveiled draft numbers on Monday, and the plan is the first big test of how much fiscal sovereignty Greece has regained since exiting its aid program in August.