There is a pressing need for certain EU leaders to understand that now is not the time for strict economic discipline. This is an hour when the welfare of human beings must come first.
With the pandemic likely to decimate Greek tourism, which is widely viewed as the engine of the economy, the tourism ministry will launch an intensive campaign to attract foreign tourists to Greece,
It is this obstinate devotion to unbending rules which over the last years has nurtured the monster of populism.
The danger of a new economic derailment has not been eradicated.
The warnings that the Bank of Greece issues due to its institutional role should be viewed as necessary, and not as hostile acts as the government viewed them over the last four years.
The cost of the package of measures announced by the PM is between 1.1 and 1.4 percent of GDP annually, which could exceed five billion euros over two years.
The party that was trounced in recent elections and any political party that aspires to govern should know that citizens are no longer willing to issue blank checks.
The Bank of Greece rang the alarm bells over the danger of fiscal derailment due to Greece’s Council of State rulings which deemed unconstitutional earlier pension cuts and the abolition of holiday bonuses.
One did not need the IMF’s report to understand that complacency or even worse a mindless return to the bad practices of the past could prove fatal
The report of creditors will determine the stance of the markets and the return of about 700mn euros in profits of eurozone central banks from Greek bonds.
The more handouts the government announces the more the main opposition party’s lead in the polls is grows.
The SYRIZA-Independent Greeks government copied every single one of the populist ills with which post-dictatorship Greek democracy was fraught.
The odd couple in the SYRIZA-Independent Greeks coalition appears to be interested only in its own survival. It is indifferent to the consequences of its actions on the country.
For electoral reasons, the government pretends that the country that has left behind the economic crisis, when it is abundantly clear that it is still very much with us.