Greece Thessaloniki International Fair

Greece's Prime Minister Kyriakos Mitsotakis delivers a speech during the Thessaloniki International Fair at the northern city of Thessaloniki, Saturday, Sept. 7, 2019. Mitsotakis outlined his economic policies for the next year, as heads of government have traditionally done over the years. (AP Photo/Giannis Papanikos)

THESSALONIKI, Greece (AP) — Greece’s prime minister said financial reforms such as reducing taxes, fighting bureaucracy and attracting investment must be implemented before the country asks its creditors to agree to lower budget surpluses.

Prime Minister Kyriakos Mitsotakis laid out his economic program for the coming year during a speech at Greece’s largest trade fair on Saturday.

The conservative prime minister said his priority is quickly putting policies in place to fast-track stalled projects, attract more investors and help restore Greece’s credibility.

Mitsotakis promised to reduce taxes, especially on lower incomes, cut the dividend tax to 5% from 10%, cut corporate tax to 24% next year, and eventually 20%, from 28% and other measures he said would boost economic growth. He reminded his audience he cut property taxes an average 22% just a month after winning an election on July 7 and unseating the previous, leftist government. 

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