Tuesday May 21, 2013 Search
Weather | Athens
32o C
19o 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 Greece’s.

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)  
Engine problem forces aircraft back to Iraklio
Large rescue effort contains Patra hotel fire
US State Department´s religious freedom voices concern over Golden Dawn
PM to brief president on China, Azerbaijan visits, hold talks with Gazprom
Gazprom drives hard bargain as sole major bidder for DEPA
By Harry Papachristou Gazprom is squeezing Athens for better terms to buy DEPA, Greece's sole retail gas distributor, a Greek official said, as the Russian gas export monopoly leverages its ...
Troika inspectors to arrive in Athens on June 4
A delegation of technocrats of the troika of the European Commission, the European Central Bank and the International Monetary Fund will arrive in Athens on June 4 to assess Greece's progres...
Inside Business
TRACK & FIELD
Otto records world-leading jump in pole vault in Athens
Germany's Bjoern Otto recorded the world's leading performance in the men's pole vault at the Athens Street Pole Vault event that took place at Zappio, in central Athens, on Saturday afterno...
SOCCER
PAS Giannina stuns PAOK at Toumba
PAS Giannina upset PAOK at Thessaloniki on Sunday to take the lead at the Super League play-offs, while Asteras Tripolis rebounded from its loss at Ioannina in midweek to defeat Atromitos at...
Inside Sports
COMMENTARY
Dividing lines that never fade
Dividing lines – less so between political parties and more so between political cultures and ideologies – do not go away as easily as some would like to think. In the case of Greece, politi...
EDITORIAL
After China, what next?
Prime Minister Antonis Samaras’s recent official visit to China aimed at attracting foreign investment and meeting with his Chinese counterpart proved to be highly successful. The image of t...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
 RECENT NEWS
1. Engine problem forces aircraft back to Iraklio
2. Large rescue effort contains Patra hotel fire
3. Gazprom drives hard bargain as sole major bidder for DEPA
4. Troika inspectors to arrive in Athens on June 4
5. Hellenic petroleum structured note draws bets on Greek recovery
6. Greek bond yield curve disinverts
more news
Today
This Week
1. PM to brief president on China, Azerbaijan visits, hold talks with Gazprom
2. US State Department's religious freedom voices concern over Golden Dawn
3. Hellenic petroleum structured note draws bets on Greek recovery
4. Greek bond yield curve disinverts
5. Troika inspectors to arrive in Athens on June 4
6. Gazprom drives hard bargain as sole major bidder for DEPA
Today
This Week
1. Olympiakos's Euroleague basketball win shows Greeks can 'reach the peak,' says President Papoulias
2. Golden Dawn MP ejected from Parl't after 'Heil Hitler' incident [UPDATE]
3. Greece: A reality check
4. Greek economy shrank by 5.3% in Q1 of 2013 as recession continues
5. Do trophies mean anything after all?
6. Greece isn't turning the corner
Advertiser Link
Last minute info: intensive Greek language lesson in Thessaloniki, 28/5-7/6/2013 – low fees
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  International Herald Tribune  |  RSS
Copyright © 2013, H KAΘHMEPINH All Rights Reserved.