ECONOMY

Referendum not the way to go on cuts

A referendum cannot be held to decide on austerity measures aimed at helping solve Greece?s debt crisis as it would be unconstitutional, Panayiotis Mihalos, president of the Hellenic Entrepreneurs Association (EENE), said on Wednesday.

Recent calls by the head of the Hellenic Federation of Enterprises (SEV), Dimitris Daskalopoulos, to put the next round of measures to a public vote reflect concerns in the business and political spheres about the state of the country, he added.

?The statement was unfortunate, a referendum can only take place on government issues and not for budgetary reasons,? Mihalos, who is also the CEO of SouthEast Group, told reporters.

The outcome of a referendum often depends on how the question is posed and this has been used on occasion to legalize decisions based on the wrong issue, he added.