Tuesday November 25, 2014 Search
Weather | Athens
13o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Fiscal plan for 2015-18 approved by MPs as New Democracy, SYRIZA cross swords

Parliament passed the government’s 2015-18 Medium Term Fiscal Strategy (MTFS) on Friday as New Democracy and SYRIZA ratcheted up the intensity of their pre-election war of words.

With four coalition MPs absent, the government relied on the support of two independent MPs, Andreas Loverdos and Christos Aidonis, to reach 150 votes. A total of 119 lawmakers voted against it. The coalition only needed a majority of the 269 MPs who voted on Friday rather than all 300 who sit in Parliament. Sources said that the government was encouraged by the fact that Loverdos and Aidonis, both former PASOK members, supported the fiscal plan.

The MTFS sees a primary surplus of 4.19 billion euros, or 2.3 percent of gross domestic product, this year. Greece’s debt-to-GDP ratio is expected to peak at 175.1 percent for 2014. Around 900 million euros is to be cut from spending on public sector salaries by the end of 2016, while structural interventions are seen as bringing in or saving close to 1 billion euros. The strategy approved by Parliament does not foresee a funding gap emerging in the next few years.

During the debate ahead of the vote, SYRIZA argued that the MTFS was the harbinger of further austerity. “This death sentence simply makes the memorandums permanent: spending cuts, tax hikes, reductions of pensions and wages and privatization of everything with processes that lack transparency,” said leftist leader Alexis Tsipras.

Finance Minister Yannis Stournaras hit back at the opposition leader. “You know you are harming the country,” he said to Tsipras. “What you have said and continue to say can only be interpreted as a joke, I am afraid to say.”

Proceedings became even more heated when SYRIZA MP Stathis Panagoulis, the brother of late leftist politician and anti-junta rebel Alekos Panagoulis, labeled himself a “terrorist.” “Yes, I, who was in jail during the junta, am a terrorist, Mr [Antonis] Samaras,” Panagoulis told the prime minister. “I will try to terrorize you as much as I can. Those who signed the memorandums and the medium-term fiscal strategies will face trial in a special court.”

Government spokesman Simos Kedikoglou issued a statement calling for SYRIZA to oust Panagoulis.

ekathimerini.com , Friday May 9, 2014 (20:11)  
Hundreds of migrants on crippled ship off Crete
Policemen suspected of working at Piraeus bar where shooting took place
Ankara proposes private firm to seek natural gas off Cyprus
Further tension builds up at universities
Debtors snap up offer for easier settlements
The government’s plan for the settlement debts to the state is paying off as Greeks are signing up in numbers for the more favorable payment scheme. In less than 24 hours since the opening o...
Belgium gas firm said to be eyeing DESFA
Belgian natural gas network operator Fluxys is said to be eyeing the Greek gas grid, after signing an agreement on Monday with its Greek counterpart (DESFA) for the drafting of a study on th...
Inside Business
SOCCER
Atletico eyes last 16 berth against Olympiakos
Greek champion Olympiakos faces a tough task if it is to prevent last season's beaten finalist Atletico Madrid sealing its passage into the last 16 of the Champions League at the Vicente Cal...
SOCCER
EPO ends soccer suspension, Super League resumes
Soccer action will resume this weekend after the Super League convened on Monday, elected a new president and alternate president and sent a letter to the soccer federation that assures it t...
Inside Sports
COMMENTARY
Beware of the fallen idols
Akis Tsochatzopoulos, a legendary figure of the Greek socialist movement, a man who came very close to taking over the party that governed the country for half of the time following the fall...
EDITORIAL
The hard truth
The coalition government must tell the truth to the Greek people, even if this entails admitting to mistakes made over the last few months. The country’s citizens are fully aware of how cruc...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Hundreds of migrants on crippled ship off Crete
2. Atletico eyes last 16 berth against Olympiakos
3. Debtors snap up offer for easier settlements
4. Belgium gas firm said to be eyeing DESFA
5. OLP approval paves way for investment in Piraeus
6. Airport tender exceeds expectations
more news
Today
This Week
1. Anastasiades to undergo heart surgery in the US on Dec 4
2. Cargo vessel carrying hundreds of migrants adrift southeast of Crete
3. Trade deficit widens by 8.7 percent during Jan-Sept period, says ELSTAT report
4. Two police officers among 9 arrested for drug trafficking
5. Stop Mediterranean becoming vast migrant cemetery, Pope tells Europe
6. Fraport, Copelouzos offer highest bid for Greek regional airports
Today
This Week
1. Double quake on Atalanti fault line rattles Greek capital [Update]
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Give Greece a chance
4. Every age has its collaborators
5. Anti-junta uprising anniversary to be marked amid tight security
6. Carlsberg takes control of Greek brewer Olympic Brewery [Update]
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.