New Democracy on EuroGroup: Public burdened with huge cost

6 December 2016
593 Views

New Democracy (ND), Greece’s major opposition party, issued a statement reacting to the decision reached at the EuroGroup meeting, Monday, accusing the government of adopting dilatory tactics for its domestic political audience, but without any substance.

The statement stressed that even though a deal was reached regarding the alleviation of the Greek debt through the ESM’s medium-term measures, ND criticised the government for wasting precious time once more, adding that the government had failed to close the second review, while a fiscal gap for 2018 meant the implementation of a package of new harsh austerity measures. “It is confirmed that the fiscal targets will remain high beyond 2018”, which the government agreed to achieve through new measures and the activation of the “cutter” -a mechanism that automatically cuts public spending if the fiscal target is not reached.

“Sadly the government has failed once more, binding the country to a very tough course for many years”, the statement read. The statement ends by warning the cost of the Greek government’s delays and incompetence would fall on the shoulders of the Greek public.

You may be interested

Coronavirus Greece: 842 new cases, 427 in Attica
GREECE
shares27 views
GREECE
shares27 views

Coronavirus Greece: 842 new cases, 427 in Attica

makis - Jan 26, 2021

The Greek authorities announced today 842 new cases of the new coronavirus, of which 13 were identified after checks at…

No side effects from vaccinations recorded in Greece, says Head of National Vaccination Committee
GREECE
shares23 views
GREECE
shares23 views

No side effects from vaccinations recorded in Greece, says Head of National Vaccination Committee

Panos - Jan 26, 2021

No adverse side effects have been recorded so far during the vaccination of the country's elderly citizens, said the Head…

Elon Musk launches 143 small satellites in space at the same time – New record
WORLD
shares26 views
WORLD
shares26 views

Elon Musk launches 143 small satellites in space at the same time – New record

Panos - Jan 26, 2021

Elon Musk’s SpaceX launched 143 small satellites simultaneously on Sunday, a new world record. The launch was carried out with…

Leave a Comment

Your email address will not be published.