x

Politics

Charitsis: Action Needed to Avoid “Avalanche” of Developments for Greek Economy

ATHENS – Main opposition SYRIZA spokesperson Alexis Charitsis on Friday referred to a visit made by the party's leader Alexis Tsipras' to the commercial centre of Athens the previous day, saying this had revealed the deep fears of workers and small businesses about the future of Greece's economy.

"If we do not take the necessary measures promptly and enter into a vicious cycle of layoffs, shutdowns, new losses of state revenue and the collapse of social security funds, then the unfavourable developments will become an avalanche that will lead to the collapse of the Greek economy," Charitsis said.

On the other hand, he claimed that "at a time when it is becoming clear on a global level that state intervention in the economy is an essential condition for the survival of economies, enterprises and workers, the interior minister cited capitalism to justify the government's decision to not protect jobs".

Charitsis pointed out that SYRIZA had early on highlighted the need to keep supply and demand alive and had warned the government not to subsidise the suspension of labour contracts but the retention of jobs and salaries, calling the government's response "inadequate and tardy" as it has "announced fiscal measures amounting to 3 pct of GDP and implemented even less."

He underlined the the major concern now was not whether SMEs will make profits but whether they will be able to stay afloat.

 

RELATED

ATHENS - The matter of an alleged plan to draw up an agreement between Turkey and Libya on the exploitation of Libyan energy sources by Turkey is being closely followed, Greek diplomatic sources said on Monday.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Sounds of Cyprus Performed Live in Times Square (Video)

NEW YORK – Talented artists Elena Chris, Peter Douskalis, and Alex Tasopoulos performed a concert of Cypriot music for New Yorkers and tourists in the center of the Big Apple, Times Square.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.