Samaras: gov't in recession spiral

Main opposition New Democracy leader Antonis Samaras once again attacked Prime Minister George Papandreou over his government's economic policy on Friday, saying that it was leading to a deeper recession and more business closures rather than a smaller deficit.

Samaras pointed out that, while the original Memorandum signed by the present government envisaged savage cuts in state spending amounting to 20 billion euros for 2011-2014, a current report by the International Monetary Fund called for double that amount in spending cuts, even though the IMF had already admitted that the recession was slowing the reduction of the deficit.

The government was trapped in a spiral of spending cuts and measures, which only led to deeper recession and more measures, he stressed.


Samaras in Brussels Monday for EPP meeting


Main opposition New Democracy (ND) leader Antonis Samaras leaves on Monday for Brussels, where he will attend a meeting of the leaders of the parties of the European People's Party (EPP) grouping in the European Parliament.

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