Greece needs to find ways and save – or cut- expenditure of 11.5 billion euro for the years 2013-2014. In continuous meetings between Finance Minister Yiannis Stournaras with the political leadership of the ministries, the majority of the ministers were not able to find where exactly they could make the cuts. So far cuts of a total of 5.7 billion euro have been proposed. “We continue the efforts for the rest of 6 billion euro but we won;t be ready until tomorrow [Wednesday], ” Finance Ministry sources told the Greek media.
Government sources said it si quite possibl ethe talks about the cuts to continue up to “five minutes” before the Troika arrives in Athens. State broadcast NET reported this evening that Greece’s lender’s representatives will arrive to Athens on July 26th 2012.
Greek media report that there are some 150 measures that would cut expenditure and could help save 5 billion euro.
Did you hear that?
I predict that whatever measures are taken, they will have a direct impact on the ordinary people of Greece, and no impact at all on the elite and friends.
Meanwhile, in that beautiful green country on the other end of Europe, with equally serious problems and equally biased solutions imposed by an equally corrupt elite, the latest statistics show that in 2011 the gap between the rich and the poor widened by 25%. They also concluded that there was some correlation between the economic situation and the increase in cases of self-harm and suicide. Amongst the “probable causes” for this increase in deaths through suicide are loss of employment, loss of income and loss of home. No shit Sherlock!
And some of the cuts have been described in reports as unrealistic, either in scale or in the timeframe. But still, the coalition now declared they identified 7.5 billions in cuts and that this has to be good enough. The Troika will be soooo impressed.
:rolleyes:
I identified a bug on my cat’s back