Stournaras: 500 million euros Should Come From Social Security Funds

STOURNARASThe Greek Finance Minister Yiannis Stournaras opened the discussion for new measures saying that next year the government will seek an additional 500 million euros in budget cuts from social security funds.

In an interview with Greek newspaper “Ta Nea” the Minister of Finance on the one hand, repeated the government’s slogan “no more measures” saying that no additional across-the-board fiscal cuts will be imposed. On the other hand, he said that additional savings will be required. He stated that those savings amount to 500 million euros compared to the 2.5 billion euros reportedly being demanded by troika mission chiefs who are expected in Athens on November 4.

“We accept that there is a need for another 500 million euros in measures compared to the 2.5 billion euros demanded by the troika,” Stournaras said. “Those 500 million euros have to come from somewhere. And seeing that the problem of the gap has been created by the social security funds, that is where the money should come from,” he said and added: “We can’t just say no measures. There’s a huge difference between saying no to horizontal measures, which I also support, and saying no more measures at all.”

The Minister stated that if the policy of “no more measures” will be adopted, there’s a risk of demolishing everything we have built, firstly postponing any discussions of further debt relief indefinitely.

As ekathimerini reports, Labor and Social Security Minister Yiannis Vroutsis had struck a different tone earlier this week, insisting that there would be no more measures, beyond those which have been approved in Parliament, noting that reductions to auxiliary pensions and the lump sums paid to civil servants had already been agreed.



    What about the 2 criminal gangs from PASOK & New Democracy Parties
    running this Government of Crooks who created all these problems today? It was PASOK & ND Parties who created Golden Dawn and the Far Left by their corrupt rule and mismanagement of Greece. (Akis Tzahadzopolous from PASOK is just one example of their corruption).

    1.) Why isn’t PASOK’s MP Venizelos in jail for hiding the Legarde List 2
    years in his home?

    2.) Why isn’t PASOK’s Finance MP Papconstantiou in jail for removing his
    relative’s names on the List?

    3.) What about PASOK & ND Parties still owing 250 million Euros to the
    Banks in phony loans they have not paid back yet?
    The Gov’t and Press are using ANYTHING as a “distraction” to take attention away from the Massive Crimes these two corrupt Parties have committed as well as High Treason against the whole Greek nation after 39 years of corrupt rule!

  2. 500 million euros from Social security funds? Way to go! Instead of going after the LaGarde list with thousands of people on it who evaded taxes and instead of going after all the PASOK and ND politicians who stole millions of euros from the Greek state for their own leisure lifestyle you’re going after pension funds from the already poor people who barely can mange to survive? Disgrace of a nation !

  3. EU and IMF taxpayers are tired of financing the partying Greeks.
    I paid for my kids college education but the Greeks don’t pay tuition, I pay for my vacation but my cousin Ourania goes free with the KAPI, My cousin Vangeli got $42,000 plus a pension when he retired as a village priest. My cousin Lambrini had 4 kids and retired at 42 on full pension. Get the picture about the partying Greeks.

  4. Stournaras, why don’t you take the money from Simitis share of profits that he made from the deals with Germany after using the social security funds.

  5. Casue the Global Elites who sponsor gullible, greedy and below smart level necessary Greeks have used them to create a subservient and forced to be slaves population, grateful for crumbs off their table, while they lord it away!!