Finance Ministry prices SYRIZA program at €40 bln
The recent economic proposals announced by main opposition SYRIZA-Progressive Alliance and its leader Stefanos Kasselakis would come at “a huge economic cost” and are “entirely uncosted and without planning, or even checked for compatibility with European laws,” according to a joint announcement released by Deputy National Economy and Finance Ministers Harry Theoharis and Thanos Petralias on Friday.
They added that Kasselakis may have been “weaned off his predecessor Alexis Tsipras… but not off his methods and tools.”
According to the announcement, the proposals would lead to an additional fiscal burden of 16 billion euros in the first year of their implementation and €8 billion in the subsequent years, adding up to a total additional fiscal cost of €40 billion over a four-year period, without any realistic source of revenues and ignoring the country’s fiscal stability.
