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Athens News Agency: News in English, 05-11-14

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] PASOK says economy in 'poor condition'

  • [01] PASOK says economy in 'poor condition'

    Main opposition PASOK's political council convened on Monday evening at the end of which it issued an announcement saying that the country's present economic state of affairs was "disappointing" and that forecasts were "gloomy".

    The council convened under the chairmanship of PASOK leader George Papandreou and focused on the government's policy and the future of the country's public utilities (DEKO).

    According to the announcement, the government's economic policy "leads to an impasse" and that "real incomes are diminishing for the first time in the past twelve years, investments are curbed and state revenues have collapsed while tax evasion and blackmarket activities are rampant and the country's competitiveness is dwindling."

    PASOK also said that the 2005 budget "is completely collapsing" and predicted that the government was planning "new emergency measures for the coming year" which would "have an adverse effect on working people and pensioners and lead the economy to recession."

    For all these reasons, PASOK adds, a new policy is needed which will combine growth and social justice.

    Athens News Agency: News in English Directory - Previous Article - Next Article
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