News (9)

View all >

Greece: people wonder when the pain will end

As the government signs on to another draconian agreement involving austerity and privatization with European institutions and the International Monetary Fund, its people wonder when the pain will end. “Mr. Tsipras's political opponents, who have been gaining ground in opinion polls, have noted that the country will remain under foreign supervision for years to come and will still be subject to harsh austerity measures, including a package approved by Parliament last week that includes further pension cuts, tax increases and privatization of state assets. That view is often echoed by regular Greeks. ‘What exit? This is a life sentence,’ said Giorgos Amanatidis, a 67-year-old pensioner in Athens. He added, ‘Taxes, taxes and more taxes.' Where's the light at the end of the tunnel? What kind of future do my grandchildren have here?’ The pace of privatizations has recently been accelerating.

Source: www.nytimes.com

Former finance minister and prominent economist Yanis Varoufakis denounces the privatization of Thessaloniki port.

Former finance minister and prominent economist Yanis Varoufakis denounces the privatization of Thessaloniki port. As for the Deputy Minister of Economy and Development, Mr. Stergios Pitsiorlas, Varoufakis writes, “it is interesting that in his festive article for the sale of ThPA, [he] did not say anything about [what makes] the sale beneficial: What is the minimum amount of investment that the buyer undertakes to make within 24 months? What kind of industrial relations is [it] bound to offer employees? What synergies have been secured with privatized OSE and Cosco to which Piraeus was sold? The silence of the Deputy Minister on them has [a] reason: The buyer has not made any of the commitments that would make the privatization of ThPA SA [beneficial for Thessaloniki or] Greece in general.”

Source: myportal.gr

Cookie preferences

Like many other websites, we use Google Analytics to collect anonymous information about the surfing behavior of our users.