EU Warns Greece Is "A Cause Of Serious Concern" As Top Tax-Collector Resigns

Tyler Durden's picture

Haris Theocharis, the Troika-supported general secretary of Greece’s public revenues was forced to resign following press leaks about "government discontent" at his handling of tax issues - most notably the retroactive taxation of gains on Greek government bonds. As KeepTalkingGreece notes, Theocharis was a hardliner, a devoted supporter of the loan agreements and their implementation and kept loading the Greek taxpayers with new burdens and exorbitant fines. However, the resignation of the country's top tax-collector is "a cause of serious concern," according to EU spokespersons.


As Keep Talking Greece notes,

Haris Theocharis, general secretary of Greece’ public revenues was forced to resign. Officially, Theocharis submitted his resignation “for personal reasons”. Unofficially, he was forced to resign and thus before the upcoming government reshuffle aiming to build a “social policy profile” around Prime Minister Antonis Samaras.


Haris Theocharis submitted his resignation to  Finance Minister Yiannis Stournaras during a marathon meeting the two men held from 11 a.m. until 3 p.m. on Thursday. During the last days, leakages to the press were speaking of “government discontent about Theocharis”, practically announcing his removal.


“The rumors about the removal of Mr Theocharis were sparked by an article in daily KAthirmerini, according to which, the prime minister’s office  was discontent about Theocharis’ handling of tax issues, especially during the time before the EU elections. The general secretary had apparently issued a circular for the retrospective taxation of foreign investors who had bought Greek bonds which resulted in climbing of the spreads, so the government arguments.”


In a statement on Thursday, Stournaras praised Theocharis’ efforts to support the tax reforms and contribution to the objectives of the government and added:


“Most important, he did all this by showing consistent results , consistently exceeding all set targets, something that was reflecting in the positive budget results.”


Theocharis was a hardliner, a devoted supporter of the loan agreements and their implementation and kept loading the Greek taxpayers with new burdens and exorbitant fines.


Was Stournaras the “tzar” of the Greek Economy, Theocharis was the official “Tax Collector” who had no scruple to impose astronomical fines even to those who had mistakes in their tax declarations.


He was also supposed to receive bonus according to his target achievements, although this was officially dismissed recently and his monthly salary was given as 4,650 euro gross.


Despite his over the average monthly wage, Theocharis was bold enough to claim in front of angry property owners, that he too could not pay the emergency property taxes.


“During his appearance at the congress of  the Association of Property Owners, a number of people started to shout and protest about the many different taxes imposed at properties.


“I have no money to pay property taxes,” shouted someone from the audience.


An obviously stunned general secretary claimed “Me neither!”


Theocharis was appointed to the office of General Secretary of Public Revenues in January 2013 and for a period of five years, apparently in order to be able operate without the influence of this or that Greek government that has an average survival time of 2-3 years.


Theocahris had to resign – as if he was not implementing the Stournaras-Greek -Government economic policies, as if he did not contribute to the famous “primary surplus”. But now it is time for the center-right populism of Nea Dimokratia and PASOK to rise ahead of possible early elections.

According to Greek media, Greece’s lenders, the Troika, did not agree with the removal of Theocharis, whom they considered as successful.

Revenue administration plays a key role in the reform program and this development is “a cause of serious concern,” EU spokesman Simon O’Connor says in e-mailed statement, commenting on resignation of Greek Revenue Chief Haris Theoharis earlier today.

Says “will continue to closely monitor the Greek government’s commitment to a more autonomous revenue administration, as well as commitments to establish rigorous, transparent and merit based processes for the appointment of senior managers in the Greek public sector”

It seems the recent EU elections fallout is beginning...

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Say What Again's picture

I don't agree.


I think that Draghi is much larger concern, but that's just my opinion.

Arius's picture

if they not bailed out Greece ... everything was going to be okay... that was when all started ...


Disclaimer: look at how many green arrows this comment will receive and there you have the IQ of ZHers .... suckers

PlusTic's picture

i hope he stole a few $BB for himself from the scum EU...anyone who beats these scumbag central banks are the new heroes

Peter Pan's picture

If the TROIKA is not in agreement it is a clear indication that it was a good move. The retrospective and prospective level of taxes as well as the imposition of one off taxes in Greece has been nothing short of barbarous given that the previous finance minister did nothing to act on the Lagarde list of tax evaders and in fact even removed his relatives from the list surreptisiously without any penalty other than losing his position. The people on the list are still untouched.

Greece is a case study of malevolent and corrupt government at its best.

AccreditedEYE's picture

Markets are at all time highs... why should we be "concerned"about anything? Fuck, have Draghi absorb Greece and then liquidate it. Sick of this.  

Peter Pan's picture

I understand your sentiment but the reality is that GREECE should liquidate the EU by refusing to pay off its debt and thus bring to an end the whole corrupt European set up. An act of "terrorism" or "resistance" is needed to terminate Draghi and by extension the FED.

newsguy68's picture

Good By America!


“You Are You” Summer Camp Trains Boys To Become Homosexuals

alien-IQ's picture

It strikes me as borderline inconceivable that any person with a functioning brain cell in their head could actually believe the tripe you are peddling.

How are you not embarrassed to be posting that nonsense?

You've gone full fucking retard with that idiocy.

pods's picture

Don't discourage him, I am waiting for the sister story about the college camp that teaches chicks to like chicks.

<touches up resume>


swmnguy's picture

Now that's some ridiculous bullshit in that link.  They claim they can't use any actual facts to protect privacy.  Or, more likely, it's to protect anyone from finding out that what they're talking about has nothing to do with reality.  And, after the lurid headline, the rest of the story pretty much contradicts itself.  It's not a summer camp; it's 4 days.  It doesn't "train boys to become homosexuals," it is a place for parents to go with their young children who aren't interesting in conforming to conventional gender roles.  The story itself says, at the end, that there's no way to know if these kids identify as gay or straight, and that isn't the point of the project in the first place.

So, pretty much complete click-fodder bullshit.  I apologize to myself for following your link.  Please take it elsewhere, or better yet, occupy yourself more usefully.

Although it is unknown if the kids at the camp will eventually identify as gay or transgender—or even if the way gender and sexuality are defined throughout society will evolve—the camp allows the kids to look at themselves in a completely different way. - See more at: to protect the privacy of the childrenot to protect the privacy of the children to protect the privacy of the children
swmnguy's picture

Whoah.  Something really weird happened when I tried to copy/paste from the silly blog link.  I couldn't see it in the preview pane, but here it is, at the end of my comment once it posted. 

Well, it's still not as silly as the original post was.

Stumpy4516's picture

I would not call it a summer camp more of a "retreat".  Well meaning parents brainwashed by the PC thinking and todays education systems views.  Those kids do not know if they are gay yet and this just pushes or convinces them they are.  Regardless, some of the photo's show the kids being over sexualized.

Although some do not want it to be viewed it does appear these retreats are occuring. 

NoDecaf's picture

I had this crazy thought yesterday, what if somebody like Jen Psaki suddenly threw her hands up in the middle of a press conference and walked off stage saying "I can't do this anymore, I can't lie like this..."

Well it's only the head Greek tax collector for now, but I think we are getting closer to something like this here.

swmnguy's picture

Jen Psaki?  For her to do that would be to repudiate everything she has ever known.  She'd vanish in a puff of smoke (banana yellow, of course).  Or she'd go stark-raving mad and turn up living under a bridge somewhere collecting tinfoil and lecturing squirrels.

pods's picture

I thought Greece was fixed? Wait, it is tough to put out a fire with gasoline?


swmnguy's picture

"Fixed" like I had my cat "fixed," maybe.

centerline's picture

Impotent and pissed off.  Sounds about right.

jimmytorpedo's picture

Cats, and cat lovers, cannot be fixed.

Madcow's picture

why not just demand that everyone come in and pay up 100K  Euros - and simply execute everyone who can't pay  ?

that would raise some money, thin the herd, and bring unemployemnt down significantly. 

For Euro-Co - that would be a win win win. 

alien-IQ's picture

because then the cost of lawn care and nanny's would go parabolic.

alien-IQ's picture

Oh yeah, that should push stocks even higher because...just. fucking. because.

disabledvet's picture

It's not like they're gonna invade anybody.

That was the whole point...wasn't it?

"The Germans still have a draft so if we steal all their money they'll kill us"?

vyeung's picture

where's the BS Greece is fine and off the heroin. Place is imploding the EU that is.

LawsofPhysics's picture

I thought greece was "fixed" a long time ago...



centerline's picture

It was.  They are just making it more fixed now.  Lucky bastards.


Anasteus's picture

It still would be if the message hadn't leaked out.

ebworthen's picture

We're trapped in the Funhouse Hall of Mirrors.

Good luck finding the exit.

DeliciousSteak's picture

Greece. Is this the country where the people vehemently oppose leaving the Euro or the EU, but also oppose any "economic adjustment" dictated by Bryssels? People in the west live in a dream world.

CrashisOptimistic's picture


Greece oil consumption (all of it imported) 320K bpd.  At Brent that's 12.8 Billion USD/year outflowing.

Greece GDP 250B.

12.8 / 250 = 5.12% drain on GDP every year from burning oil.





SmittyinLA's picture

trust me the people in Greece can get oil without the state's help, you get rid of the Greek govt and the expenses of all Greeks goes down not up, ditto for the rest of the EU govts. 

The EU is full of hostile "restraint governments" the wealth potential from their elimination is huge and growing everyday until the resistance becomes unsustainable.



CrashisOptimistic's picture

That just has nothing at all to do with flowing 12.8 B per year out of the country for liquid that is burned so that more must be bought.

Drain that out every year and it's a perpetual drag on GDP.  It cannot be overcome.

The problem is that liquid feeds people.  It's not a multiplier for GDP.  It's just keeps people alive or warm or both.

Flakmeister's picture

Did you catch my reply to you re: Libyan oil?

Itchy and Scratchy's picture

What's this? The muppets (citizens) are resisting paying off the debts the politcal elites and buddies extorted? Off with their heads!

tommylicious's picture

how much money does Kronos Central make?

swmnguy's picture

Well Glory Be, Whodathunkit.  When money is abstract and only brought into being by creating debt, and then the debt has to be paid at interest with scads of fees, and then people have to do something to come up with money to pay back the debt that created the money in the first place, and then you jack up prices and cut all the sources of money to finance any real economic activity, guess what happens?  People can't pay the debt.  And then, oddly, they don't pay the debt.

These smart fellers make me glad I dropped out of high school.  Oh, I had second thoughts, and tried my hand at college.  But then I realized, "Nope, it's the same joke I already "got" the punchline to.  Nevermind," and dropped out of that, too.  Thankfully, I'm still dumb enough to know something stupid when I see it.

SmittyinLA's picture

The EU would prefer to use NATO to exterminate all Greeks opposed to no borders and mob rule, those people are NAZIs. 

Anybody opposed to mob rule and no borders is a NAZI. 

NAZIs must dIe

MonSters need to go, how dare you Not suBmit.


Jayda1850's picture

And cue that leather faced cunt lagarde with another statement of how the greeks are not paying their "fair share". Keep revolting Greeks, fuck the tax man and the IMF loaned horse they rode in on!

SmittyinLA's picture

how dare you impune the character of Greek citizens!

Pumpkin's picture

Well hell, no wonder he quit, there's not even any turnip juice in those turnips.

goldhedge's picture

Did anyone check his pockets before he left the building?


quasimodo's picture

Maybe he's related to Zacheus and just needs a sycamore tree to climb up in and hide for a while.

NewAmericaNow's picture

Time for humor - Problem with Greece? No. Your problem. Fuck you EU. Thanks Germany for the bailout

Atticus Finch's picture

"Officially, Theocharis submitted his resignation “for personal reasons”.

Probably, like wanting to stay alive.

adonisdemilo's picture

He just woke up and realised that the Troika is raping his country.