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ND leader Samaras proposes new social contract

Δημοσίευση 1 Δεκεμβρίου 2010, 09:17 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
ND leader Samaras proposes  new social contract
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Main opposition New Democracy (ND) leader Antonis Samaras poroposed “a new social contract with entrepreneurs and workers”, during his address on Monday evening at the 21st annual conference at the American-Hellenic Chamber of Commerce, entitled “The Greek Economy-Rebuilding Greek Credibility”

Main opposition New Democracy (ND) leader Antonis Samaras poroposed “a new social contract with entrepreneurs and workers”, during his address on Monday evening at the 21st annual conference at the American-Hellenic Chamber of Commerce, entitled “The Greek Economy-Rebuilding Greek Credibility”

Samaras strongly criticised the government, comparing it with the example of Ireland, and accused it of not negotiating enough the terms of the memorandum with the troika and called for an altered economic policy mix.

The new social contract proposed by the ND leader concerns the entrepreneurs through the implementation of radical tax reforms, reduction of tax indexes, gradual reduction of VAT and social insurance contributions and adoption of tax incentives to attract new investments, including a well-targeted investment law and less red-tape.

As regards wage earners, Samaras suggested measures to prevent the closing of businesses thus combating unemployment and the creation of a shield against mass layoffs.

He maintained that mass layoffs in the greater public sector will not reduce the deficit due to increased payments of unemployment benefits, reduced taxation revenues and consumer turnover.

Samaras’ new social contract with entrepreneurs and workers would focus on the immediate economic recovery and long-term development.

The ND leader also referred to the European Commission's report and maintained that the government’s predictions were wrong once again as regards the state deficit. Samaras underlined that according to the European Commission report, the 2012 deficit will be above 7.5 pct of the GDP which means that the government’s economic policy will lead to a deficit increase instead of a reduction two years after the implementation of the memorandum and despite the sacrifices made by the Greek people.

Samaras made a comparison with Ireland maintaining that the case of Ireland is a reflection of what the Greek government did not dare or did not want to do, adding that Ireland’s negotiation has benefited Greece.