FT: The Greek Government Defies Troika



Greece defying TroikaFor the first time, The Financial Times noticed a shift in Greece’s stance against troika since the beginning of the rescue program. Greece appeared tougher after submitting the 2014 budget without the approval of the lenders and “has become a source of increasing worry and frustration for EU officials.”

According to the article published in the FT “The government wants to avoid implementing the four separate measures it has already signed up to: lifting a ban on home foreclosures, shutting a loss-making state arms manufacturer, introducing a broad-based real estate tax and allowing mass dismissals of workers in private companies.”

According to the same report, the government’s decision to proceed with the submission and budget debate defies the new Eurozone rule, which requires Member States to submit draft budgets to Brussels for approval before their adoption by parliaments. However, a Greek official attempted to dispel the frustration, stating that: “We don’t see any problem with revising the budget next year, if necessary.”

The Financial Times also made reference to a recent statement by Greek Deputy Prime Minister, Evangelos Venizelos, who said that “we want a real, not just a rhetorical recognition of the sacrifices of the Greek people over the past few years,” commenting that behind this statement lurks the fear of PASOK’s dissolution, a possibility that would probably cause the government to collapse.


12 COMMENTS

  1. Greece will stop playing it “tough” when it needs fresh money to plug its 6 billion budget gap for 2014.

  2. Tedi the Turd repeat yesterdays discredited lies( No reforms) that were blown apart by me & others with links to support our argument.
    Were you hoping to snag a newby here who is not aware of the vomit that comes from your mouth??

  3. “According to the article published in the FT “The government wants to avoid implementing the four separate measures it has already signed up to: lifting a ban on home foreclosures, shutting a loss-making state arms manufacturer, introducing a broad-based real estate tax and allowing mass dismissals of workers in private companies.”

    NO REFORMS,NO MONEY
    They are going to make you pay trough your nose for all the money you swindled,Greece.I hope.

  4. Cry me a river Mother f…er.
    None of your predictions have come to fruition yet.
    You lost the NO REFORM battle days ago just like you lost the Vietnam War
    They have made many reforms very quickly.
    This might be a line in the sand that they cannot implement some- at least for now.
    My bet is that they win some concession from the Troika.
    So far Tedi the Turd I have been right on everything & you have been wrong…lets see what happens shall we??

  5. No Reforms/spending cuts,no money. The concession time is over.Greece had implemented no reforms,but they have nowhere to go.They will have implement everything required from them now if they want to tap the money-and being the greedy crooks they are,they want money badly,ha ha ha.I hope they enjoy the mass home-repossessions and layoffs that are coming their way.This way they might learn than there is nothing FOR FREE in this life-one day you eventually pay through your nose.

  6. Lies cannot win a debate Tedi the American Turd.

    Americans just like losing ie Vietnam , Afghanistan, Iraq.

    You lose again by repeating the lie that Greece carried out no reforms when it has been shown to you that they have.
    Remarks by Angel Gurría, OECD Secretary-General;

    ‘Despite an impressive range of reforms to date, more can be done to make it easier for Greek firms to compete’

    http://www.oecd.org/greece/reforming-for-the-future-and-building-a-stronger-fairer-greek-economy.htm

  7. Ta Faga me Mazi
    Why blame the government only
    When every second car was a BMW and we all borrowed money like there is no tomorrow the holiday homes the pools the farmers who were and are paid not to grow anything
    We as a nation grew fat and lazy and lived in the never, never so now we blame others I drive around the cities and country roads the place reminds me of Bangladesh no wonder they are all here this place reminds them of home.
    We are too lazy to even take care of our own rubbish
    Why are we surprised at the state of the country, and now we bitch because we are asked to make sacrifices for the common good ….Can you believe the temerity of the EU expecting Greeks to pay tax and actually work for a living.

    Lets all continue to avoid paying tax, we can still have our afternoon siesta are 4hour coffee breaks and the 2 month holidays

    Meanwhile the rubbish piles higher and the bullS*** in

    Parliament flows thicker

  8. WOW, at last a very brave Greek has had the guts to state TRUE facts. One thing, apart from many more, is, the failure to mention the the vast amount of corruption that still has not been addressed. Greece is STILL the most corrupt country in Europe. The Financial Times, a well respected newspaper known for getting facts right, stated this week, that Greece will go back to the Drachma within four years. The way the two at the top are performing, it could be sooner I think. As the saying goes, “the first to leave the Euro will be the first to recover”

  9. “Urban transport employees of Thessaloniki threaten with job retention. About 2,700 employees have not been paid for October and November due to government delays”
    Have just read this. Could this be the tip of an iceberg & another ploy to make the books look better than they are to fool the stupid troika?

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