April 28, 2024

News Cymru

Two sides to every headline

Greek Public Finances “Out Of Control” – Official

An independent panel of finance experts have said, that despite government efforts to reduce the government deficit the problem has actually got worse.
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But the Greek finance minister, who incidentally agrees with the facts of the situation, ie the government deficit is getting larger every month, says that their interpretation of the situation is incorrect!

I believe if you spoke to any Greek who is currently living in Greece or has family in Greece they will 100% agree with the words from the independent committee.

The only 2 people in Greece that try to say that the facts have been misinterpreted is Papandreou and Venizelos!

As it typical of Greek polticians he is quoted as saying Yesterday’s report lacks elements of credibility of other international reports, – apparently Greek economic experts are not as qualified as international experts.

Unfortuntaley for Venizelos he does not highlight a report which offers a different verdict to the Greek report and that is because there is no alterntive report. All economists are in agreement, the Greek government is cvompletely clueless and has sent the Greek economy on a kamikazee course to oblivion.

Unfortunately the only people who cannot seem to see what is happening are the people at the wheel of the economy. If it was not so tragic it would be funny.

Venizelos then continues to put the knife into the independent committee of experts by saying “All necessary measures will be taken to upgrade and improve the credibility of the work of the budget committee.” – If that is his opinion then why did these people get appointed in the first place?! Is the whole of government incompetent because that is what Venizelos is implying!

And let us not forget that Venizelos has not got one single qualification related to economics or business yet he feels he is qualified to comment on the judgement of experts!

There is no wonder that Greece is facing the apocalypse that it is. The people in charge of the boat are not prepared to take advice from experts! The finance minister’s own comments prove that he does not listen to alternative views and simply wrties them off as if he knows best!

If he were a teenage boy you could understand the attitude but this guy claims to be in charge of the Greek economy with no relevent qualificiations and yet he still thinks he knows everything!

And in a contiuation of the Greek tragedy, Papandreou says George Papandreou said that the issue of dealing with the country’s debt and deficits has been his government’s primary battle over the past two years. – and this is the best he can do? The situation has got worse not better and this has been his number one objective to make the sitation better!

You would think asfter 2 years Papandreou would get the message, his actions are not working, his actions are creating a bigger problem, he should acknowledge he needs to change his course of action immediately!

But no! Papandreou will not be deviated from the kamikaze course he is on, like the degenerate gambler who is trying to win back his losses Papandreou still believes that his methods will bear fruit if he just gives it enough time!

Somebody please, take away the chips, please someone, take away his line of credit, please someone, escort him away from the roulette table!

Papandreou contiunues adding that his government and he personally had made an effort vis-a-vis main opposition New Democracy (ND) for the prospect of a “genuine intention for national consensus”, but the “only feeling I got from this entire effort is that their (ND) policy is exceptionally shortsighted and very circumstantial”.

National consensus?! National consensus!? There is a national consensus and the consensus is that the course Greece is on is leading the country into oblivion.

The only people in Greece who are refusing to agree with the consensus is Papandreou and Venizelos!

And the comments shortsighted and very circumstantial, talk about the pot calling the kettle black! There is no long term future to the course that Papandreou has set the county on, no future!

There can only be a future for Greece when the government balances it’s books and the country eliminates its trade deficit, and both these issues have got worse since Papandreou took over!

And all this is on the back of PASOK saying that they will sell the shares in one of the most profitable companies in the country!

Let me just crystalise how stupid and incompetent the current Greek administration is. They are committed to reducing the government deficit and yet they want to do this by reducing the size of the economy by increasing taxes!

Their course of action is completely and utterly crazy and yet nobody appears to be questioning them!

What is wrong with everybody?!

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