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VAT rates unchanged, for now

Finance Minister Yanis Varoufakis promised to Alternate Tourism Minister Elena Kountoura that VAT rates will not change in the current tourist season, said a Tourism Ministry announcement on Thursday .

"Any change occurs in the tourist package in the future will be designed so that Greece can remain competitive in the tourism sector," Varoufakis underlined. Any speculations over VAT rates while negotiations are underway hurt tourism and Greece's image, according to a Tourism ministry's announcement.