Sunday, June 19

Greek PM rebuffs strict opponent, swears June vote

Athens - the Greek Government defended its new austerity package from attack in Parliament on Friday, it was the only way to avert bankruptcy, and made a new call for opposition to the plan back say.

Prime Minister George Papandreou plan doubled almost the belt measures agreed for 2011 more tightly strapped already with the International Monetary Fund and the European Union, after the lenders assess that Athens outlined under his bailout had missed targets.


The ruling Socialist Party 300 seat of its members has 156 members in the House but more and more expressions discomfort proposals including cut to increase expenditure and taxes, to reduce the deficit by €6.5 billion more this year than first planned.


Papandreou is seeking for more austerity plan passed votes by 2015 despite strikes, mass street protests and dissidents within his own ruling Socialist Party.


"The medicine is not pleasant and the treatment requires dedication and commitment," he told Parliament.


"No Prime Minister of the host country wants to go with a beggar tray and collect money from other countries..." "Certainly not, but I do it for Greece."


Papandreou fights, to obtain not only opposition parties, but also his reluctant PASOK party behind the strategy, a condition to receive more aid from international lenders, the Greece a 110 billion euro ($160 billion) emergency funding lifeline last year threw.


PROTESTS AT PARLIAMENT


Released on a weekly schedule of Parliament legislator starts the Chamber for Economic Affairs discuss the midterm plan in the Committee on Wednesday.


That is with a national strike by trade unions expected that thousands of demonstrators Syntagma Square, Parliament's front stoop and the site of two weeks the nightly grassroots protests are the same.


The place is also the convergence point of daily marches of employees in the company for privatization, the is the Government promise against 50 billion euro in the sell-off of State-owned enterprises to increase by 2015.

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In a televised speech to the nation Papandreou invited proposals for the plan from opposition parties and with Brussels on a June 23-24 EU Summit called for cooperation to improve the Athenian position in talks.


"I call the leadership of all parties to cooperate," he said in a televised announcement. "There are many and important points where we converge." "With a national consensus we can negotiate together with our partners."


In a move to reduce the resistance of the main opposition party new democracy measures said Finance Minister George Papaconstantinou the Government consider template draws a new tax bill in September cut VAT and corporate taxes and said he hoped that Parliament would approve the medium-term plan by the end of June.


The IMF and the EU have called for broad political consensus in Greece before they owed the euro zone Member give more money. But the main opposition groups have sworn, voting against the new measures, saying economic growth will be stifled.


"The medium-term plan is unreliable, unfair and ineffective." It is a de-facto confession of failure of the rescue operation, "Said new democracy party spokesman Yiannis Mihelakis in a statement."


European officials are still trying, a plan to develop the private investors, for some of the costs for the new financing plan, amounting approximately to one additional 120 billion euros including 30 billion from the sale of the Greek State assets are expected to hit.


Figures on Thursday showed the economy is in worse shape than first 5.5 per cent on the previous year fears, with gross domestic product tumbling in the first quarter.


Copyright 2011 Thomson Reuters.

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