Greek Economic Reform Program Difficult to Calm the Public Anger
Program will be aid by 100 billion euros in Greece is now stepping up the pace of reform in order to achieve financial standards with EU requirements and gradually out of the crisis. While the second batch of the European Union and the International Monetary Fund aid has been successfully approved, but the Greek government insisted that public policy against the momentum is still tight. 11, Greek Prime Minister announced to the corporate tax cuts, including the latest economic reform program, the welcome is not supported, but the 2 million people march against the people of the shoes and radical attack, in the eyes of the public good of new economic program clearly Since the arrival is not the policy of austerity cuts in their own interests.
Greek Prime Minister Papandreou, 11, a in the northern city of Thessaloniki International Fair delivered a speech outlining the Government’s economic policy coming period of time, put forward the agenda of work out of the crisis: government institutions, assisting weak groups, to promote enterprise and investment, crack down on tax evasion and corruption, speed up the development of a green economy and education system reform. In addition, the Government plans to corporate net income tax rate next year from the present 24% to 20%.
Papandreou said: “crack down on rampant tax evasion Tax Evasion efforts to speed up the judicial process and to encourage related enterprises to solve the out of court to make up for tax evasion behavior.”
Papandreou also promised before the end of this year monopoly to promote certain areas and industry reform, including the freight market, taxi, medicine, partial privatization of state-owned railway, the area of energy and tax reform.
People’s livelihood, the Government will invest 1 billion euros of funds to create 175,000 jobs and the preservation of the 300,000 to 500,000 jobs. Greek government will vigorously to attract investment and promote tourism development in Greece. Papandreou said the government will allocate 3.5 billion euros for the unemployed and other disadvantaged groups to help. Most of the money from the European Union and the International Monetary Fund to provide emergency assistance loans.
Papandreou stressed that the Greek government statement will continue to implement fiscal austerity. For the success of the economic program, he will rise to its “survival” level.
According to Greece in May this year, with the EU and the IMF agreement, the EU and the IMF in three years to provide 110 billion euros Greece emergency assistance loans to help the latter deal with the debt crisis; the same time, the Greek government to take practical measures to reduce expenditure, reduce the deficit.
Greece’s efforts to reduce fiscal expenditure approved by the EU. EU finance ministers agreed to Greece on the 7th of this month issued a second tranche of emergency assistance loans. 10 International Monetary Fund also announced that Greece will provide a further 2.57 billion euros. The EU and the IMF monitors are scheduled this week for the Greek Government in the implementation of fiscal austerity and budget cuts, assessing the progress.
Rescue parties are ongoing to put pressure on Greece. European Central Bank President Jean – Claude Trichet has made a motion that the violation of the provisions of the Public Finance euro area member states, should be temporarily excluded from the European political decision-making, designed to prevent future recurrence of Greece type of economic crisis. He is a British “Financial Times” made the controversial interview with the motion. The next few weeks, European Commission President Herman Van Rompuy to amend the relevant rules on how to report, then the debate will hit full stride.
Greek government policy of reducing expenditure affected the livelihood of many Greeks. Although Papandreou has repeatedly passed the people a message of hope, however, the austerity policy implemented by the Government was still strong opposition from the people of Greece, George Papandreou made a speech on the occasion, about 2 million people gathered in the conference center, the protest Government’s austerity policies.
However, the Greek, “Tribune,” published the same day a poll showed the ruling party’s support rate was 29.1%, nearly 8 percentage points lead over the opposition.
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