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Varoufakis: Alleged 1.8 bln euro gap is an effort for further austerity

European Commission president Jean-Claude Juncker's statement for a 1.8 billion euro VAT deviation between Greece and its partners is an effort from the creditors' side to impose further austerity on Greece, Finance Minister Yanis Varoufakis said on Wednesday.

Upon its arrival at the Finance ministry, Varoufakis said that "speculations on a 1.8 billion euro fiscal gap is part of the troika's effort to impose further austerity. We have our doubts on that. We think there is no such fiscal gap." He also said that "the only reason why the issue of tax on bank transactions has not been raised is our strong opposition and my personal opposition."