Hopes in Athens due to the red alert in Brussels
Athens is relieved to hear the alarm ringing from Brussels about the debt crisis, which shows that there is “no time to lose” in reacting to the Greek crisis.
Athens is relieved to hear the
alarm ringing from Brussels about the debt crisis, which shows that there is “no time to lose” in reacting to
the Greek crisis.
However, despite the credit downgrade of Portugal and the objections of Washington, the IMF and Jean-Claude Trichet to the Europeans that are reluctant to come to decisions about Greece, the problem had to reach neighboring Italy in order for them to understand that they have already lost a lot of time.
Venizelos is already in Brussels for the informal Eurogroup meeting, which is predicted to be a long one. As would have been the case without any solution from the endless discussions between governments and banks, Herman Van Rompuy decided to intervene, calling for an extra meeting in Brussels with European Commission head Jose Manuel Barroso, European Central Bank head Jean Claude Trichet and Eurogroup head Jean-Claude Juncker.
shows that Greece needs a 2nd
rescue package, as Italy is
already under major speculative attack on their bonds, and if this escalates, Europe will be unable to deal with them.
try to dismiss our partners’ worries, showing the tight schedules by which the
austerity measures will proceed in our country.
Implementation law no2 must be voted on under very quick procedures, and it will
include new changes in the social security system, labour relations and
working hours. Venizelos is counting a lot on the new taxation law he is also
is bringing the single payroll to the electronic government ministry next
month, while eliminations and mergers of public entities are being sped up, placing many surplus employees in reserve status, without excluding layoffs.
is moving toward an energy market deregulation and privatizations of DEPA and
DESFA, while bringing in a regulation for unauthorised construction.
Kastanidis, in the Interior ministry, is ready to deliver a bill on referenda. He is also preparing presidential decrees for consolidation
programs for over-indebted municipalities, staff transfers from the transport
ministry to the regions, as well as the transfer of responsibilities to municipalities
Skandalidis in the Rural Development ministry, is fast-forwarding the sale or rental
of rural state land and the elimination of 4.000 cooperatives out of the
7.500 in existence.
The Justice ministry
will see a speedy clearance of several tax issues.
All of the
above will take place so that we convince our lenders to issue a new loan.
The European Commission is putting increasingly suffocating pressure on the government to immediately create a joint committee to exercise daily control on ministries and provide technical assistance to ministers.