How the Greek government will freak the Troika auditors out

Τhe government is preparing some unpleasant surprises for the Troika auditors that are arriving in Athens today to start the bargaining for a new agreement on financial aid to our country. Foreign auditors will not believe what they see and hear:

-   measures that should have been implemented by "memorandum 1" in 2010 or by the end of 2011 the latest, are not yet voted on. With 270 MPs the government cannot vote for the multi-bill which should have been state law long before the auditors came
-   despite pressure for immediate implementation of the multi-bill measures, it passes in …installments, as nearly half its articles (11 of the 23) will be voted on next week with a roll call vote at the request of the Communist Party (KKE)
-   while the important thing now is the bargain for the 130 billion and the British law on new loans, the stalling concerning the multi-bill regards, for example, erecting barriers for those who seek the settlement of debts with an installment of 100 euros. Those who may seek settlement in 46-60 months, now suddenly face a condition under which they need to find a way to prove they are fully unable to pay
-   for 2 years now the government has not even been able sell the 4 old Airbus aircraft of the former Olympic, which remain grounded and keep deteriorating. Watching the reactions on their low selling price in the international market, the finance ministry proceeded to withdraw the conflicting settings from the multi-bill

And as if everyone’s anxiety for the final figure of the state deficit in 2011, as well as whether additional austerity measures will be required in 2012, were not enough, the Greek state must pay additional debts totaling 2.1 billion euros.

By decree of Philipos Sachinidis, the state takes on 2.097 billion in debt of the OASA and TRAM, from 11 loans these public institutions received from Greek and foreign banks during 2006-2010. It also assumes the debts from the Zografou and Aharnon municipalities, which received loans from foreign banks, including GOLDMAN SACHS, totaling 61 million euros.

And yesterday in parliament, they withdrew the amendment contained in the multi-bill on the regulation of how the Zografos municipality could repay this debt, which has now been transferred to the state.