Greece Wants to Push Back Targets

New governing coalition seeks to postpone fiscal deadlines by at least two years.

Greece will push its creditors to extend fiscal deadlines under the country’s bailout program by at least two years, according to a policy document drawn up by the three parties in the country’s governing coalition.

New Democracy, Pasok and the Democratic Left agree that plans to cut 150,000 public-sector jobs should be scrapped, the document, received by e-mail from the Greek government Saturday, showed. Proposals also include reducing sales tax for cafes, bars, restaurants and the agricultural industry, and increasing the threshold for paying income tax.

Spending Cuts

The policy document underlines that cuts envisioned for 2013 and 2014 should come from public spending and clamping down on tax evasion and not from pension and wage cuts or from the public investment budget.

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