"Get ready for new measures of 5,5 billion euros!"
"Get ready for new measures of 5,5 billion euros!"
Although the official reason for the postponement until today of yesterday's meeting between Evangelos Venizelos and the Troika was the tight schedule of the minister, the economy team cannot hide the fact that the auditors had no time to lose had they not known what measures will be put forward for discussion.
UPD:
Although the official reason for the postponement for today of yesterday's meeting of Evangelos Venizelos with troika was the tight program of the minister, the economic team cannot hide the fact that the auditors had no time to lose had they not known what measures will be put forward for discussion.
"You are doing nothing…"
In this context, today’s meeting points toward new measures, as the finance minister will have to explain why measures that were announced several months ago, such as privatizations, the collection of special levies and property tax, have not yet proceeded.
In the formal part of the discussion, the Troika will seek to immediately unfold all measures or to open a debate on new ones, to cover the deficiency in the calculation of the recession (we came out at 1,5% off the GDP), the large gap in revenue (more than 3 billion so far) and excess in expenditure (more than 1 billion euro).
Off target in everything!
The government initially estimated the recession at 3,5% for this year, but the finance minister says that might exceed 4,5% and even reach 5,3%. And if the Troika’s latest estimates that the deficit will remain on double digits instead of being reduced to 7,6% are indeed confirmed, then another way must be sought to cover failures of 5 to 5,5 billion euros.
"You are doing nothing…"
In this context, today’s meeting points toward new measures, as the finance minister will have to explain why measures that were announced several months ago, such as privatizations, the collection of special levies and property tax, have not yet proceeded.
In the formal part of the discussion, the Troika will seek to immediately unfold all measures or to open a debate on new ones, to cover the deficiency in the calculation of the recession (we came out at 1,5% off the GDP), the large gap in revenue (more than 3 billion so far) and excess in expenditure (more than 1 billion euro).
Off target in everything!
The government initially estimated the recession at 3,5% for this year, but the finance minister says that might exceed 4,5% and even reach 5,3%. And if the Troika’s latest estimates that the deficit will remain on double digits instead of being reduced to 7,6% are indeed confirmed, then another way must be sought to cover failures of 5 to 5,5 billion euros.
The Troika is identifying long delays in the issue of mergers and the abolition of public bodies, insisting on the dismissal of civil servants and thus leaving open the issue of labor redundancy.
The "black hole" of pension funds remains a thorn on the side of expenditures, as IKA must be immediately subsidized by an additional 600 million euros for pensions, and the rest of the funds must find around 1,5 billion euros at all costs.
UPD:
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