New Democracy Bashes Government

    On Saturday, main opposition New Democracy (ND) stepped up its criticism of the government in the wake of the latest EU report on the Greek government.

    ND deputy and economy shadow minister Christos Staikouras emphasised that the assessments on the viability of the Greek debt are particularly damning for the socialist PASOK government.

    He cited the estimate for a return to the market for sovereign lending no earlier than 2021, when the initial projection of the government was for 2011, along with a forecast for an economic recovery after 2013. Staikouras also charged that GDP will fall at greater levels than previously forecast, while the debt will remain at the 130-percent level of GDP until 2030, according to the EU.

    (source: ana-mpa)