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Obama style governing of the Greek economy

20 December 2008 / 13:12:47  GRReporter
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Hristos Verelis and Teodoros Pangalos, parliament members from PASOK, offered that new ministers of the economy, justice, and internal affairs should be appointed. Those ministers should have the approval of more than one political party in the Greek parliament. “This is the personal opinion of the two parliament members. The position of PASOK is that there should be elections very soon,” said the socialists spokesman Giorgios Papakonstantinou. Former socialist Prime Minister Kostas Simitis offered for Greece to turn for help to the International Monetary Fund in order to be able to avoid further worsening of the economy and the financial situation in the country.

“We cannot talk about help from the IMF,” said Giorgios Alogoskoufis, Minister of the National Economy. He also stressed that the prognosis of the European Commission during 2009 for Greece is good. He admitted that the budget for 2009 is made during unseen financial crisis and this will have its consequences but he assures that the government cares about the principles and not about the negative prognosis. “Greece will continue to abide the strict financial discipline and our goal is to form domestic debt of around 2% from the GDP. Right now it is 2.5% of the GDP,” also says the finance minister.

Giorgios Alogoskoufis promises that the government will continue its policy about the decrease of the tax coefficients and at the same time will continue to support the small and average businesses and will help the weakest social layers.

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