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Tag Archives: government

Greek government spending decreasing, but debt/GDP high

There is certainly something wrong with the bailout and strict austerity program imposed by the creditors on Greece, so far. Government spending has been constantly decreasing but the debt/GDP ratio remains high. In fact it is higher than before the bailout in 2010… “Latest Greek data show government spending -21% …

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Greek gov’t to table proposal for inquiry into Loan Agreements (MoUs)

Left-wing SYRIZA tabling Tuesday evening a proposal for the establishment of a Parliament committee assigned to investigate the laon agreements (Memorandum of Undestanding) between previoous Greek governments and the country’s lenders IMF, EU and ECB. The inquiry will investigate the time periods October 2009 -May 2010 (Papandreou gov’t, 1. loan …

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Privatizations in Energy sector cause rift in Greek government

Energy Minister Panagiotis Lafazanis declared absolute negative towards privatizations in Greece’s energy sector. “There is not going to be any privatization in DEH [Public Power Company] in DEPA [natural gas distribution operator ] or ELPE [Petroleum Company]. I repeat what I have said until today,” Lafazanis told daily TA NEA. …

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Greek gov’t policy program and vote of confidence, Feb 8-10/2015

Greek coalition government SYRIZA-Independent Greeks will announce its policy programme in Parliament on Sunday, February 8th, will the vote of confidence will take place two days later, Tuesday, February 10th around midnight. The program announcement will take place one day later than originally scheduled, most likely due to the meetings …

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PM Tsipras sets key priorities in first cabinet meeting, advises ministers to live “frugal”

Greece’s new PM Alexis Tsipras presented his government’s key priorities in the first meeting of the new cabinet on Wednesday. The key priorities include measures to tackle the country’s humanitarian crisis, restarting the economy and clashing with vested interests. However it is interesting to see also what he advised his …

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Greek government: Fast Forward with anti-austerity measures

Alexis Tsipras and his junior coalition partner Panos Kammenos pushed the Fast Forward button to restore a series of so-called “reforms”, that is austerity measures imposed by the country’s lenders, the Troika. Several new appointed ministers of the SYRIZA-Independent Greeks coalition started to announce thorough changes, right after they assumed …

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Troika, Greece to meet in Paris to negotiate stalled progress review

Greek government officials will meet with representatives of the Troika-lenders in Paris tomorrow Tuesday. The meeting aims to break a deadlock that occurred after the Greek government refused to obey some of the Troika commandments and the Country’s lenders insisted. A Greek Finance Ministry statement said that Greece and its …

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Greek gov’t prepares €15-billion “Emergency Fund” to exit bailout program

Greek government prepares a 15-billion-euro “Emergency Fund” in order to make the exit from the bailout program possible. Citing government sources, the exclusive report of  Online edition of newspaper To Vima, claims that Greeks prepare the exit from bailout and the return to the markets. This action  will not be …

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Gov’t issues “civil mobilization orders” to PPC-strikers”

In a decision published at 11 p.m. Friday, the Athens First Instance Court ruled that the strike of unionists at Public Power Company (PPC/DEH) was “illegal”. Immediately the government moved to issue “civil mobilization” order to strikers as it was clear that they would continue their strike despite the court …

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“Greece is exiting the MoU” – any idea what does this mean?

I’ve been hearing the Greek government saying the whole time that “Greece is now exiting the Memorandum [of Understanding].  Any idea what does it mean? I am asking this because me, common Greek, understands under Memorandum strict austerity and over-taxation and unemployment and recession”. Any idea what the Greek government …

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