Monday March 2, 2015 Search
Weather | Athens
11o C
6o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Stournaras, Tsipras clash over fiscal multipliers

Finance Minister Yannis Stournaras and the leader of the main leftist opposition SYRIZA, Alexis Tsipras, clashed in Parliament on Friday during a debate about the impact errors in calculations by the International Monetary Fund had on Greece's fiscal adjustment program.

Responding to a question submitted by Tsipras, Stournaras said that the government had engaged actively in tough negotiations with the troika from the beginning, compared to the chest-thumping of the opposition. The mistake with the fiscal multipliers had been put on the negotiating table by Greece long before the dialogue began with Mr Blanchard, Stournaras said, referring to IMF chief economist Olivier Blanchard who, together with another Fund economist Daniel Leigh, admitted in a report last month that the Washington-based organization had made incorrect forecasts about the impact that a rapid fiscal consolidation would have on certain economies, such as Greeces.

Referring to recent comments by European Economic and Monetary Affairs Commissioner Olli Rehn, according to which the fiscal multipliers' report should not be cause for Greek hopes of reform to its economic program, Stournaras remarked, clearly Mr. Rehn is mistaken if he believes that the recession is entirely due to Greece's mistakes."

The minister added that there would be no more cuts to salaries or pensions, nor any further tax hikes but only reforms to jumpstart the economy.

Tsipras, for his part, accused Stournaras of having a secret agenda and said that the minister was more pro-memorandum than the memorandum itself, referring to Greece's loan agreement with foreign creditors. The leftist leader added that the government's economic policy program had failed, noting that authorities had pointed to further wage reductions in 2014.

ekathimerini.com , Friday February 15, 2013 (13:48)  
Mixed messages on third Greek bailout talks
Greeks warned over apricot kernels and bitter almonds
Greece outlines first anti-poverty measures
Greece seeks to assure it can cover funding needs, repay IMF loan
Spain says a third Greek bailout under discussion
Eurozone countries are discussing a third bailout for Greece worth 30 billion to 50 billion euros, Spain's economy minister said on Monday, as Athens sought to quell fears it might run out o...
Cash fears fuel bank stocks selling spree
The Greek cash crunch inflicted more losses on local lenders stocks on Monday, with the banks index losing almost 10 percent (down 9.91 percent) and the bourse benchmark declining for the f...
Inside Business
SOCCER
Super League clubs promise to combat violence, again
The Super League clubs agreed on Monday to a blueprint of proposals for combatting violence in soccer grounds and will present it to Deputy Minister Stavros Kontonis to ask for the top fligh...
SOCCER
Super League to seek way out of impasse
The Super League governing board is convening again on Monday in a bid to overcome the tensions that keeps building up in Greek soccer despite the suspension of action on the field over the ...
Inside Sports
COMMENTARY
A unionist agenda
Maybe Greece will not experience a credit event, because it is in no ones interest, as Minister of State for Coordinating Government Operations Alekos Flambouraris recently assured. Maybe...
EDITORIAL
The beguiling limelight
Too much media exposure is never a good thing and there is no shortage of newcomers in politics who are beguiled by the limelight. What usually comes after this thrall of publicity is the in...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Mixed messages on third Greek bailout talks
2. Greeks warned over apricot kernels and bitter almonds
3. Greece outlines first anti-poverty measures
4. Super League clubs promise to combat violence, again
5. Spain says a third Greek bailout under discussion
6. Cash fears fuel bank stocks selling spree
more news
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. Greek reforms could prompt bailout payment in March, says Dijsselbloem
3. EU Commission: seeking unity in EU after Spain, Portugal clash with Greece
4. Schaeuble urges Greece to implement reforms during extension
5. Next Greek aid deal will emerge in coming months, Moscovici says
6. ECB uncomfortable with leading role in Greek funding drama
Today
This Week
1. Time for Alexis Tsipras to keep his nerve
2. Greece to make international protest over Turkey reserving Aegean air space
3. A fierce battle looms
4. The ignorance of the West about the culture of Islam
5. SYRIZA feeling the pain
6. Spain said to lead push to hold Greece to terms as Podemos grows
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.