The main opposition New Democracy (ND) party, as well as, opposition parties Popular Orthodox Rally (LA.O.S) and Coalition of the Left, Movements and Ecology (SYN) on Monday commented on the latest economic developments. “The recent developments in Europe highlight the need for a more effective mechanism with a high degree of solidarity, namely, the issuance of a Eurobond, a position we have firmly supported since the beginning of the crisis,” ND economy sector head MP Notis Mitarakis stressed. He also called for a more active role by the European Central Bank (ECB) and observed that ND’s warnings that “the participation of private investors would have no positive effect on the Eurozone credibility were proven to be correct”.
LA.O.S alternate spokesperson Sissy Aligizaki underlined that “the global fluidity caused as a result of the markets’ dominance over political leaderships makes the survival of weaker economies almost impossible”.
“The combination of austerity, successive memorandums and expensive loans in order to bail out bankrupt bankers has failed in Greece and fails in other countries as well,” the SYN press office underlined.
SYN stressed that “an alternative solution can be reached if markets are bypassed and the ECB undertakes an active role.”