Alt. FinMin Economou on memorandum, corrective moves

Alternate Finance Minister Pantelis Economou on Monday rejected a renegotiation of the EC-ECB-IMF Memorandum, stressing that he disagrees with a relevant proposal by main opposition New Democracy (ND) given that the memorandum is being and will continue to be updated.
Speaking to an Athens private radio station, Economou stressed that “there is no room for renegotiation and that currently a discussion is underway in Europe on a different medium-term fiscal programme with a different content and composition.”

As regards the likelihood of corrective moves in the medium-term programme, he said “after it is passed in Parliament we will have ample time to seek measures that will not lay a burden on small income earners and proceed with the cancellation of austere measures imposed on them.”