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27.2 billion euro will be the cost of the economic programme of SYRIZA

17 September 2014 / 17:09:27  GRReporter
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The sharp decline in GDP and the high unemployment are due to the sectors that are based on domestic demand and loans. After six years of recession, today private expenditure in Greece amounts to 70.6% of GDP compared with an average of 56.7% in the Eurozone. This indicates that the problem of the Greek economy is the need to increase productivity and to focus on investment and exports. This is the only possible way to increase incomes and decrease unemployment. This purpose is served by structural reforms that the government is encouraging in order to rationalize the structure of the economy and the public administration.

The Greek economy has a problem with supply rather than with demand. If the production capacity of the state does not increase, every growth in demand will become an import, not development. "SYRIZA offers to repeat the measures to stimulate demand, thereby increasing consumption and the cost to society, that is to repeat the policies that led us to the crisis," states the Ministry. It again emphasizes that the social measures presented as new proposals from SYRIZA such as the provision of housing allowances, social electricity tariffs, as well as more instalments for arrears, reduction of non-performing loans, using the resources of the EU funds are either carried out by the government or are in the final stage of implementation.

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