Athens News Agency: News in English, 05-11-14
CONTENTS
[01] PASOK says economy in 'poor condition'
[01] PASOK says economy in 'poor condition'
Main opposition PASOK's political council convened on Monday evening at
the end of which it issued an announcement saying that the country's
present economic state of affairs was "disappointing" and that
forecasts were "gloomy".
The council convened under the chairmanship of PASOK leader George
Papandreou and focused on the government's policy and the future of the
country's public utilities (DEKO).
According to the announcement, the government's economic policy "leads
to an impasse" and that "real incomes are diminishing for the first
time in the past twelve years, investments are curbed and state
revenues have collapsed while tax evasion and blackmarket activities
are rampant and the country's competitiveness is dwindling."
PASOK also said that the 2005 budget "is completely collapsing" and
predicted that the government was planning "new emergency measures for
the coming year" which would "have an adverse effect on working people
and pensioners and lead the economy to recession."
For all these reasons, PASOK adds, a new policy is needed which will
combine growth and social justice.
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