Parliamentary budget report: Further delays in review bring new memorandum closer

27 January 2017
660 Views

The latest report from the parliament’s budget office is a slap in the face for the Greek government and its negotiating tactics. The report warns that any further delays in the completion of the second review would lead to a fourth memorandum, while noting that the procrastination would result be more costly. “The economic costs due to delays and postponements in the review process, namely a final agreement on the adjustment program, may prove be greater for Greece than the potential benefit, which in addition will be temporary”, the report reads. It goes on to criticise the government’s decision to provide an extraordinary pension bonus, claiming the long-term unemployed were in greater need of the benefit. The decline of the annual unemployment rate is tied to a concurrent rise in “flexible” forms of employment. The report dubs the 2017 projections more a “message of hope” than a forecast grounded in reality. The tax burden level is characterised as high in conjunction with the other structural reforms in the economy.

You may be interested

The U.S Pentagon confirmed images of UFO’s over navy ships
DEFENCE
shares16 views
DEFENCE
shares16 views

The U.S Pentagon confirmed images of UFO’s over navy ships

Panos - Apr 14, 2021

The Pentagon has confirmed that images and videos showing unidentified flying objects buzzing over Navy warships off the coast of…

Tsitsipas moves into 16 at Monaco Masters after beating Karatsev in 2 sets
GREECE
shares11 views
GREECE
shares11 views

Tsitsipas moves into 16 at Monaco Masters after beating Karatsev in 2 sets

Panos - Apr 14, 2021

Fourth-seeded Stefanos Tsitsipas advanced to the final 16 of the Monte Carlo Masters in Monaco after defeating Russia’s Aslan Karatsev…

Johnson & Johnson vaccine suspended in the US after blood clot cases reported
GREECE
shares21 views
GREECE
shares21 views

Johnson & Johnson vaccine suspended in the US after blood clot cases reported

Panos - Apr 14, 2021

The US federal health services are expected to request an immediate suspension of the Johnson & Johnson Covid-19 vaccine after…

Leave a Comment

Your email address will not be published.