Thursday Jul 31, 2014 Search
Weather | Athens
32o C
25o 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)  
Strawberry farm shooting verdict draws ire
Greece evacuates Tripoli embassy
Former municipal police officers put on the beat in city center
Coalition tweaks multi-bill in bid to pacify armed forces, emergency services
Govt reins in spending of regions
The government has called on regional authorities to reduce their operating expenses and the money they spend on overtime ahead of the drafting of the 2015 state budget, while adding that in...
Intralot to run one-horse race for betting permit
State privatization fund TAIPED is expected to launch another tender with just one bidder, as it has done on several occasions since it started operating, on Thursday. At stake is the operat...
Inside Business
SOCCER
Goalless draw at Liege puts Greens in driving seat
Panathinaikos got the upper hand in the battle for entry to the Champions League playoffs after snatching a goalless draw at Standard Liege on Wednesday. If anything, the Greek cup holders m...
SOCCER
Greek league recruits former referee Dallas
Former referee Hugh Dallas has been appointed as the head referee of the Greek Super League, the Hellenic Football Federation (EPO) said in a statement on Wednesday. The 56-year-old Scot ear...
Inside Sports
EDITORIAL
Populism eating up education
The fact that the issue of education is not topping the list of priorities for the current coalition government, but instead, has been left in the hands of incapable politicians is utterly i...
COMMENTARY
A valued but mistreated professional
I did not know much on a personal level about Dimitris Stefanou, Greeces former administrative reform general secretary who died earlier this week at the age of 46. I did, however, have a s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Goalless draw at Liege puts Greens in driving seat
2. Strawberry farm shooting verdict draws ire
3. Govt reins in spending of regions
4. Greece evacuates Tripoli embassy
5. Former municipal police officers put on the beat in city center
6. Intralot to run one-horse race for betting permit
more news
Today
This Week
1. Wine cup used by Pericles found in grave north of Athens
2. IMF's Lagarde not sure yet about debt relief for Greece
3. Six firms submit bids to lease Vouliagmeni beach
4. Coalition submits new proposals for Greek coastline
5. Police arrest one, seek another three over counterfeit goods
6. EU Commissioner Damanaki unlikely to return to Greek politics
Today
This Week
1. Quadriplegic woman on life support 'dies due to unpaid power bills'
2. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
3. Front-line threats
4. Defense Minister Avramopoulos to represent Greece at European Commission
5. Greece names fifth privatization agency chief in four years
6. Greek coast guard picks up 77 migrants off Myconos
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.