Mitsotakis: Tsipras govt signed 4th bailout, without funding, QE inclusion or details over debt relief

2 May 2017
287 Views

Main opposition leader Kyriakos Mitsotakis pointed to a “fourth memorandum” that the Tsipras government signed in the early morning hours of Tuesday, one he charged was “different and harsher” than previous bailouts and one that merely serves to keep the current coalition government in power.

“The government is bringing forth a fourth memorandum without funding, with more burdens for 2018 and higher primary budget surplus (targets) for many more years, while the infamous countervailing measures will apply only if we exceed the goal of a much higher surplus of 3.5 percent (of annual GDP),” Mitsotakis underlined a few hours after the preliminary agreement was announced with the first sunlight of the day.

The president of center-right New Democracy (ND) party said the latest round of austerity measures come “without any written commitment for debt relief and Greece’s inclusion in the (ECB) quantitative easing program”.

Mitsotakis calculated the latest austerity package at 12.5 billion euros, something he said was 8.5 times higher than what a previous ND coalition government had proposed months before then anti-bailout and anti-austerity SYRIZA rode to power in January 2015.

The former minister again reiterated that the current leftist-rightist coalition government is only interested in remaining in power. “No one asked for these measures from Mr. Tsipras; it’s a heavy toll on Mr. Tsipras’ credibility.”

“… This failure is not the country’s failure, we can do better,” he told party cadres.

You may be interested

US Amb Pyatt: The stronger Greece is, the more it can act as a stabilizing force in the region
GREECE
shares47 views
GREECE
shares47 views

US Amb Pyatt: The stronger Greece is, the more it can act as a stabilizing force in the region

makis - Apr 20, 2018

Greece can act as a stabilizing force for good in the wider region and the stronger Greece is, the better…

Kotzias – Dimitrov to meet again on April 25, in Vienna
POLITICS
shares48 views
POLITICS
shares48 views

Kotzias – Dimitrov to meet again on April 25, in Vienna

makis - Apr 20, 2018

According to the FYROM government spokesman, Mile Bosnjakovski who spoke on Friday, there will be a new meeting between the…

Alexandros Stamatiadis dies in hospital
GREECE
shares73 views
GREECE
shares73 views

Alexandros Stamatiadis dies in hospital

makis - Apr 20, 2018

Greek businessman Alexandros Stamatiadis has died after being hospitalised in critical condition for 18 days. The businessman, 52, was shot…

Leave a Comment

Your email address will not be published.