Greek Election Pledges by Syriza Leader Alexis Tsipras

The following are the main pledges and economic policy of Syriza leader Alexis Tsipras for the Greek national election on June 17.

-- Cancel Greece’s bailout and implementation laws and replace them with a national recovery plan

-- Reduce the number of ministers and government advisers

-- Renegotiate the country’s loan agreement and seek a European solution to the Greek debt crisis

-- Restore Feb. 28 wage reductions, special bonus cuts and labor collective agreements; minimum wage of 751 euros

-- Restore unemployment benefit of 461.5 euros and extend payment to two years from one

-- No special taxes for the unemployed, people on low incomes and pensioners

-- Set a primary spending plan of as much as 43 percent of Greek GDP instead of 36 percent

-- Increase the country’s revenue by taxing higher incomes to reach a European level of 4 percent of GDP

-- Halt implementation of cuts in wages, social spending and pensions

-- Implement and extend public spending control using technology

-- Implement a Greek citizens’ property registration system

-- Gradually reduce sales taxes, minimize them for basic food products

-- Modernize and staff tax offices, enhance information technology

-- Sign a special national agreement with shipowners, cancel 58 tax reductions

-- Help return bank deposits to Greece, stabilize the Greek banking system

-- Nationalize, socialize banks

-- Redesign management of European funds

-- Write down loans for heavily indebted businesses and households

-- Freeze program of privatizing state-run companies and gradually bring strategically significant companies back to state control (OTE, PPC, Hellenic Postbank, Athens Water)

-- Restructure the public sector and administration

-- Amend constitutional law on ministers’ responsibilies

-- Declare a Greek exclusive economic zone

-- Find a mutually acceptable solution of the dispute over the name “Macedonia” in the United Nations. Greece, the northern third of which consists of the region of Macedonia, objects to use of the name by the former Yugoslav Republic of Macedonia.

To contact the reporter on this story: Eleni Chrepa in Athens at echrepa@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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