Friday , December 15 2017
Home / News / Economy / Did Aliens Write Greece’s Report Published by European Commission?

Did Aliens Write Greece’s Report Published by European Commission?

The 20-pages long Greece report published by the European Commission today refers to first and second bailout programme, its implementation or lack of it in the debt-ridden country. However, to tell you the truth I really doubt that this report was written by EC staff , bureaucratsand technocrats.

EUfo Waving to Greeks

I would rather tip for the work done by extraterrestial aliens. Because no human of this earth would manage to mix the causes with the reasons. 

Greece made mixed progress towards achieving the ambitious objectives of the first adjustment programme and important fiscal targets were not met. Several factors hampered implementation: political instability, social unrest, issues related to administrative capacity and a recession that was much more severe than previously projected.

As if the political instability, social unrest and recession weren’t triggered exactly by these bailout programmes.

In the conclusion, the EU-FOs note that in the coming months when deficit-reducing measures to close the large gap for 2013–14 will be needed, greater efforts and targeted [austerity] measures [like further cutting labour costs] will be necessary.

The implementation of structural measures will have to overcome bureaucratic delays, the resistance of lobbies and vested interests and break longstanding policy taboos.

This requires determination on the government’s part, better political coordination, and the acceptance of all of Greek society.

Have a great fun waiting for the acceptance by the whole of the Greek society, then…

Full European Commission Report HERE




Check Also

EU Commission proposes creation of European Monetary Fund by 2019

The European Commission unveiled its vision of a rebooted eurozone, including the creation of a …


  1. Structural measures??

    For the benefit of the Greek people, of course.

    Let’s have a look at how the Germans see these structural measures. Sell off Greek companies according to the East Germany model and create ‘special zones’ of low wages and low regulations to ‘boost’ the Greek growth.

    “The plan, being worked on by the German government, includes setting up special economic zones in crisis-hit countries which could woo investors with lower taxes and less regulation, Der Spiegel said, without revealing its sources.

    Special bodies to privatise state-owned enterprises, along the same lines as when the assets of the former communist East Germany were sold off following German unification, would be created, the magazine said in a copy of its Monday edition.

    In addition, the proposals included labour market reforms, such as making it easier to hire and fire employees and bringing down wage costs.

    The plan further entailed proposals to boost on-the-job training for young people, similarly based on the long-established German model, the magazine said.

    Most Germans reject eurobonds, a hotly-debated proposed tool for pooling eurozone debt to help fight the crisis, and are against Greece remaining in the euro, according to a poll published on Friday.

  2. Several factors hampered implementation: political instability, social unrest, issues related to administrative capacity and a recession that was much more severe than previously projected.

    I think they are right. In autumn/winter 2009 PASOK was way to busy with appeasing those stevedores in Piraeus or other very well salaried unionists after their “Ipargoun Lefta”-victory went south because they played political games with the huge debt that really existed. And ND did not dare say anything because they knew they were caught in the act of robbing the citizens of this country blind.
    Society first was massif in favour of change. Unrest was only something organized by the unions. When, after 6 months of doing nothing the MoU came about, still only the vested interests went on to the street. But during that summer, people began to see that the nomenklatura did everything to block real change and keep its status quo. THEN social unrest started really.
    During that summer it became clear that the years before autumn 2009 were also already recession years. But that was kept hidden by ND. So, instead of falling into recession in 2010 for the first time and having some fat on the bones, the Greek people and businesses had already endured 2 years of crisis. We all knew that, because we had to tap into our reserves long ago.
    And it all began and it all ended with the total failure of the Greek institutions to get even the simplest change or measure right. The failure of coming up with even the most basic plans to rescue Greece.
    Everybody seems to have forgotten that youth unemployment was already massive in December 2008 when Alexandros Grigoropoulos was shot. The riots and social unrest was massif. There was already a generation without a future. Although I have to admit that 25% youth unemployment seems like heaven now…
    I grant you that the MoU did not solve anything. First because it was based on totally false premises that became only clear after it was agreed. Second because the Greek government chose to implement just the chapter ‘Tax-hikes’ and shied away from every single structural reform. Third, the Troika let this foot-dragging pass, because they were way to afraid of what might happen to banks and societies outside Greece. If the Greek government had come up with a viable plan to get Greece out of this crisis and had implemented the structural changes immediately most of the sh*t we are in now would not have happened. And the MoU-II had looked way different. But instead we had the Reppas and Katsellis. Both way to busy appeasing their friend in unions and business. Both way to busy with their own agenda’s instead of coming up with viable alternatives.
    But slowly I see history being rewritten to fit the prevailing mood now.
    Wake up, please! Akis was already enjoying every last cent of his ill gotten gains. The milk-scandal had broken en went away. Vatopedi was already done. And 4-4-2 was already long the rule when dealing with taxes. How many teachers in that long strike of 2007(?) did strike in the morning and went to their frontestirio job in the afternoon? How many pensioners were working in family and other businesses illegally and could get away with it because they had IKA from their pensions? How much money was spilled on gilded labour contracts at DEKOs? Ministers who build illegal houses. Ministers who had illegal Indian housekeepers, they called friends when they got caught. Ministers who build houses when the townplanning just allowed for a kantina. Parnitha burning. 46 Dead on the Peloponnese in that awful summer of 2008 with a state that was totally incapable of doing anything effective. Social security funds were already robbed empty to pay the bills of a bloated state. Greece was sick long before autumn 2009. A walking dying patient. But we just did not see it. Maybe did not WANT to see it.
    But lets at least try to come up with solutions of our own, without constantly looking for scapegoats abroad. Let’s hope SYRIZA will come up with detailed plans on Friday. Let’s hope other parties will follow suit. Let’s hope the voters will punish those who are just blowing hot wind. Only then we will have enough power to keep what is valuable and force alternatives to the MoU-II through alternatives that are viable and sound. Let’s hope…

  3. You should be standing for election, just tell me where to put my X

  4. Ann, businesses and people have their own responsibilities. Nobody was forced to accept post dated cheques. I have never understood why people did. Never in my life have I accepted cheques. I’d rather did not close a deal then to accept a cheque. And if people want to be paid they could /can get it by bank transfer or by credit-card payment. Nothing else. OK cash is fine too, but with an invoice. Anything else was and is out of the question.
    And for ND: I think that would be the very worst this country could get. I cannot, for the life of me, think of one reason why they should be trusted. PASOK was the one to set things in motion until 2004. But from that time ND had every chance to set things right. They did not.
    On the contrary: those ministers I talked about? They were big shots in ND. One (allegedly) built his ‘not so’ legal home in Markopoulo, while he ran the ministery responsible to crack down on this. The other did employment when he (allegedly) employed his ‘guests’ from India. Karamanlis? Was doing absolutely nothing to stop all the stealing and dealing. No, said everybody, but he personally is absolutely clean… Yeah right. With his apartment in the Grande Bretagne. I am sure that was all above board. Same with his, what is it, nephew(?) who was minister in several departments? Wasn’t he even minister when that SG jumped from the balcony? Remember that guy on Syntagma with his suitcase full of 200.000 euro? Remember all those ministers who were welcome guests in Vatopedi? And the list goes on and on.
    Did they do anything about self serving unions? No. In fact the Taxi-union leader was a high ranking ND-man. Did they curb the wastage of the DEKOs?
    The ND had 5 years to set things right. They had a comfortable majority the second time around. But they choose to (allegedly) rob an pillage like never before. And most of them are still MPs. And you want THEM to run the show??? Sorry, but that’s insane.
    And last but not least, Samaras. He has shown to even be prepared to (figuratively) sell his mother and daughters just to become PM of this country. Just to get his name in the list??? He is wooing all the extremist on the right. LAOS is crushed because they feel very at home under Samaras. Well, be happy with it.
    Tsipras may well ruin the country with his ideas and ideology. But at least he HAS ideas and an ideology. Samaras has nothing but wanting to become khalif instead of the khalif.

  5. You sure know how to offend somebody. 😆

  6. As long as such a remark isn’t seen as praise, nothing will seriously change in Greece. Everybody is talking about the need for fresh faces in politics, honest candidates with integrity and intelligence, but nobody wants to run. Go figure.

  7. “As if the political instability, social unrest and recession weren’t triggered exactly by these bailout programmes.”
    As if Greece would be a-ok today without the bailout! Just like Argentina, huh? Don’t be ridiculous, kt.

  8. Gray, if you think the anti-German and foreign sentiments here are bad now, believe me, we would have a riot on our hands if I would run for parliament. *lol*