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Athens News Agency: News in English, 10-01-14

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Samaras on stabilisation programme

  • [01] Samaras on stabilisation programme

    Main opposition New Democracy (ND) party leader Antonis Samaras, commenting on Thursday on the stability and growth programme presented by the government, said that "despite the government's unjustified delay and the fact that it ignored our constructive proposals, we point out as positive the recording of certain measures (even though incomplete) on the decrease of the monetary deficit in 2010."

    Samaras spoke of "vacuums and weaknesses" in the programmme concerning both the procedure and the essence and stressed that the ND will watch step-by-step the implementation in practice of the government's commitments on decreasing the deficit and the debt since it believes that their full and reliable implementation will send the necessary positive messages both to Brussels and the international markets.

    "The plan of the Greek Stability and Growth Programme for 2010-2013 is extremely important, not so because it reverses the budget of 2010 that has only just been ratified but because it is going to be implemented in a period of economic recession and the soaring of the country's cost of loan holding," he said.

    Elaborating on the "vacuums and weaknesses", the ND leader underlined the following:

    "-The government, while constantly invoking consultations, is proving the contrary in this case, on such a serious issue. It is an insult towards Parliament for the relevant minister to publicise the Programme at noon, present it in Parliament in the afternoon and send it to the EU the next day and promise a discussion afterwards.

    "-With the exception of the first year, it does not include costed measures on the decrease of the deficit.

    "-It is deficient-inadequate regarding the basic target which is monetary preservation over a three-year time horizon.

    "-It lacks adequate offsetting measures in support of active demand for the recovery of the Economy, which is also the basic precondition for viable monetary stabilisation.

    "-There are no adequate measures for handling unemployment and the promotion of employment."

    "What is necessary for the country to emerge from the present economic and monetary deadlock is the creation of first stage surpluses that, combined with the achievement of positive growth rates, will lead to the organic de-escalation of the public debt as a percentage of GDP, that is also the aim for monetary stabilisation," Samaras said.

    "It is evident that in the PASOK government three whole months were necessary for it to land from the demagoguery of the election period on the harsh reality of the Stabilisation Programme that it submitted," he added.

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