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IMF managing director briefs Parliament Economy Committee

Δημοσίευση 8 Δεκεμβρίου 2010, 11:45 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
IMF managing director briefs Parliament Economy Committee
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International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn, briefing the Greek Parliament's Economy Committee on Tuesday, considered the possibility of the extension of the loan's repayment time without new terms as being a foregone conclusion, but in parallel stressed the need for structural reforms with salary and pension cuts since, as he said, there is no other way for productivity to be balanced.

International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn, briefing the Greek Parliament's Economy Committee on Tuesday, considered the possibility of the extension of the loan's repayment time without new terms as being a foregone conclusion, but in parallel stressed the need for structural reforms with salary and pension cuts since, as he said, there is no other way for productivity to be balanced.

Strauss-Kahn pointed out that although achieving the target of fiscal restructuring is diffucult, however there are many sectors in which expenditure cutbacks can take place and appeared convinced that if the measures proposed by the IMF are implemented without deviations then the programme will be crowned with success, calling on all the parties to support it.

He claimed that Greece had no other choice since, as he said, "in May when it resorted to the IMF it was on the cliff's edge" and stressed that the success of the programme is linked "with the degree of justice that it will inspire in the people and commenting on the protests against the measures noted that "if I were a Greek I might also be in the streets."

He further said that "all must realise the situation and each to assume his own share of responsibility," adding that "you must show that in this national effort all are participating."

The IMF managing director assessed that "the amount of the loan for 110 billion will be enough for Greece if things develop as we think" and that "growth is expected to be restored at the end of 2011."

He made a characteristic reply to the remark by Economic Committee president Vasso Papandreou (ruling PASOK MP) on the high rates of unemployment among young people and on their leaving abroad.

"The possibility of youth leaving is an issue that is developing in many countries. It is important that you create incentives for them because when they return to their country they will have obtained experience. I understand their desperation that they might decide to leave abroad. Well, when normalcy is restored and there is growth they will return," Strauss-Kahn.

 

Opposition leaders on IMF chief's visit

 

Communist Party of Greece (KKE) Secretary General Aleka Papariga commenting Tuesday on International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn's visit to Athens called for a "frontal counter-attack against the policies of the government and the troika," because it is still possible to overturn things.

On his part, Radical Left Coalition (Syriza) parliamentary group leader Alexis Tsipras said "the IMF and all those who represent it are responsible for the misery of millions of people all over the planet, since with their political options are driving peoples into bankruptcy, social impoverishment and social exclusion."

ADEDY, PAME group hold protest rallies against Memorandum

The Civil Servants Supreme Administrative Council (ADEDY) held a rally in Klafthmonos Square in downtown Athens on Tuesday afternoon to protest the Memorandum on the occasion of IMF president Dominique Strauss-Kahn's visit to Greece. The rally was followed by a protest march to the House of Parliament.

The rally was orzganised by the first stage societies of the private and public sector demanding "the annulment of the memorandum and of the anti-labour government options."

Earlier, a rally by the Communist Party of Greece-affiliated labour group PAME was concluded in Syntagma Square, also to protest the Memorandum.