Sunday November 23, 2014 Search
Weather | Athens
18o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Former PM Simitis looks at path to crisis

Former Prime Minister Costas Simitis has launched a stinging attack on the New Democracy and PASOK governments that were in power from 2004 onward, arguing that their mismanagement of the Greek economy led to the crisis.

In a new book called The Derailment, which is being serialized in Ta Nea newspaper, Simitis accuses the New Democracy administration led by Costas Karamanlis between 2004 and 2009 of believing there was an automatic pilot in markets and the economy that would plot the correct course for the country.

He also charges the PASOK government of George Papandreou, which came to power in late 2009, of having failed to prepare for the size of the economic challenge it was due to face.

He accuses the party of turning its back on the consolidation policies he had implemented between 1996 and 2004 and failing to consult with any of the officials involved in planning economic policy then.

However, Simitis also reserves criticism for the European Union, which he claims turned a blind eye to the doctored deficit forecasts submitted by the New Democracy government in 2009.

He adds that Greeces lenders made a vital mistake at the beginning of the bailout program by believing that Greece was a country with similar state and social organization levels to other Western European countries.

ekathimerini.com , Saturday November 10, 2012 (16:00)  
Cyprus on agenda in Biden visit to Istanbul
PASOK nixes Papandreou leadership challenge
Troika tests govt nerves as budget rift persists
Climate change to hit farming, Greek coastline
Fitch keeps Greek rating at B, outlook stable
Fitch Ratings retained Greeces sovereign credit rating at B and its outlook as stable late on Friday but warned of a downgrade should snap elections prove inconclusive or negotiations wit...
More cash for banks with same papers
Greek banks will be able to draw additional liquidity from the European Central Bank after Frankfurt issued a guideline on Friday that revises the haircut applying to securities issued or ...
Inside Business
INTERVIEW
Tokyo hopes to change the world
The 2020 Summer Olympic and Paralympic Games in Tokyo will serve as a springboard for the rebuilding of Japans image and economy following the triple blow of the earthquake, tsunami and nuc...
BASKETBALL
Big win for Greens, tight one for Reds
Panathinaikos scored a crucial as well as emphatic away win at Turow on Thursday that should see it qualify from its tough group to the top 16 of the Euroleague, while Olympiakos saw off vis...
Inside Sports
COMMENTARY
Extremism from a bygone era
There are times when we seem to be overcome by self-destructive madness. I hear various commentators and politicians speaking in extreme terms of a junta, of defections, gallows, collaborato...
EDITORIAL
No call for more games
Psychological warfare has been a part of the negotiations between the troika and Athens from the very start of the crisis. But the situation is much different now and troika decision-makers ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Cyprus on agenda in Biden visit to Istanbul
2. PASOK nixes Papandreou leadership challenge
3. Troika tests govt nerves as budget rift persists
4. Climate change to hit farming, Greek coastline
5. Piraeus nightclub shooting leaves 3 seriously injured
6. London court to rule on extradition of former judge
more news
Today
This Week
1. Extremism from a bygone era
2. No call for more games
3. PASOK nixes Papandreou leadership challenge
4. Piraeus nightclub shooting leaves 3 seriously injured
5. Climate change to hit farming, Greek coastline
6. Fitch keeps Greek rating at B, outlook stable
Today
This Week
1. Double quake on Atalanti fault line rattles Greek capital [Update]
2. Greece and Poland switch roles as young Greeks head to vibrant Eastern European country for better prospects
3. Biden heads to Istanbul amid tension over Cyprus EEZ violation
4. Anti-junta uprising anniversary to be marked amid tight security
5. Carlsberg takes control of Greek brewer Olympic Brewery [Update]
6. Every age has its collaborators
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.