Faradouris: The government should study the budgets of other EU states. for citizen support measures

The MEP and member of its budget committee intervened from Brussels European Parliament, Nicholas Farandouris regarding the poverty indicators published by Eurostat.

“In the European Union, the average of citizens who cannot make ends meet is 17%. In Bulgaria it is 37%. And in Greece 67%. Seven out of ten Greeks state that they are becoming poorer and cannot make ends meet with their incomes. Do these rates honor us?’ notes the Greek MEP in his statements.

The government to study the budgets of other states

The Greek MEP calls on the government to study them Budgets of 2026 of the remaining European member states that have been submitted to the Commission.

“I have in front of me the budgets of the other Member States and I see what they are doing. The Greek government, by choosing not to touch the banks’ excess profits and excessive dividends, as other countries have done, is depriving itself of more than €7 billion in relief from citizens’ income.

According to the MEP, Austria, Slovenia, Italy, Ireland and the Netherlands foresee in their new Budgets specific revenue measures from a special fee or tax imposed on banks. Italy has officially included in the 2026 Budget the collection of €11 billion from banks and insurance companies for the next three years. Austria, Slovenia and the Netherlands are planning to increase tax rates or one-off charges on companies showing excess profits, while Austria and Latvia are planning to increase taxation on dividends.

“Thanks to the increased income from bank fees and the taxation of profits, it is possible to give relief to citizens and the economy with reductions in excise duty on fuel (Netherlands, Slovenia), reductions in VAT on food (Ireland, Cyprus, Latvia and Italy) and in drastic income-boosting measures to tackle accuracy such as reductions in personal income tax rates (Italy, Portugal, Estonia, Germany, Malta & Netherlands), increase in minimum guaranteed income (Portugal, Germany), increase in recruitment and salaries in Health (Italy), increase in public sector wages (Italy), increase in disability benefits (Estonia), increase in pensions (Estonia). Why doesn’t Greece do it too?” concludes Nikolas Farandouris.

According to Mr. Faradouris, the escalating precision and corresponding impoverishment is due to the absence of market controls and targeted fiscal measures and interventions. Greece in the Second Quarter of 2025 has a percentage of tax collections on products (VAT, VAT, etc.) to GDP, with 14.5%. This is the second record of higher tax collections on products in terms of GDP in Greece since the B Quarter of 1999 (the first was in 2022 with 14.6%)”, notes Mr. Farandouris, to add that “the government chooses surpluses throughout the period of the accuracy crisis”.

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