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Economy

Charitsis: Greek Gov’t Estimates of Recession Worsen, Support Measures Remain equally Inadequate

ATHENS – "The crisis we are experiencing concerns all economies horizontally, but the measures taken to tackle it are not horizontal," said SYRIZA spokesman Alexis Charitsis, speaking on Wednesday to public broadcaster ERT.

"While countries such as Germany are making colossal fiscal spending to support their own economies, they are refusing to allow European countries to do the same," he said, noting that the Greek government must claim what its economy needs.

Charitsis stated that "we have before us an unprecedented crisis that will exceed the recession rates and the loss of income that we experienced in the period 2010-2014", which "is impossible to deal with with the 'wait-and-see stance' or 'business as usual.'

As he stressed, "while we constantly hear different governmnent estimates of the recession – which shows that it is proceeding without any plan – the measures to support the economy remain the same."

That is, "the measures they had announced when they estimated the recession at 2 and 3 pct remain the same as they are now, at a time when the prime minister estimates the recession at 10 pct."

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