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Greece, Switzerland resume talks

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Athens - Greece and Switzerland were to hold a new round of talks Thursday on a deal designed to help the cash-strapped Mediterranean country recover billions of euros in unpaid taxes.

The visit to Athens by Jacques de Watteville, who heads the international financial and tax affairs unit in the Federal Department of Finance (FDF), is the first since the hard-left government of Prime Minister Alexis Tsipras took office in January on a promise to fight tax evasion and end austerity.

According to tax expert Friedrich Schneider of the Linz University in Austria, Greek nationals hold some €80bn in Swiss bank accounts. Of these, two thirds are illicit, says the economist, who has developed models to estimate tax evasion.

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