PASOK Mocks Mitsotakis’ Food Subsidies for Poor, No Miracle Plan

December 19, 2022

ATHENS  – The New Democracy government’s scheme to give lower-income Greek households a 10 percent subsidy for their groceries was ridiculed by the PASOK-KINAL center-left group as essentially crumbs for the hungry.

The party has been rising in polls with 2023 elections beginning to come into play in what is pre-campaign tactics and it said the plan “obviously does not compensate for the double bleeding of a large majority of citizens’ income following the high inflation rate and increased expenses due to consumption taxes,” reported the state-run Athens-Macedonia News Agency ANA-MPA.

PASOK said it has proposals to deal with inflation and that Mitsotakis “instead of showing up like a miracle worker who multiplies five loaves of bread and two fish” should follow them, but didn’t explain what they were.

Mitsotakis earlier backed away from a pledge to consider lowering the 24 percent Value Added Tax (VAT) on food even with supermarket prices so high many people can’t afford them.

The government also has set up a Household Basket plan in which the markets have 51 essential goods at lower prices but those too have been criticized as not being enough to help.

PASOK-KINAL said food prices are the highest in 13 years – a small package of chicken can run as high as 13 euros ($13.81) – and noted that the state’s statistical service ELSTAT said they’ve risen 15-25.3 percent.

For this reason, the party said, the idea of a “10% interest rate, 10% refund” is a joke, especially ahead of national elections, the report added, as banks are charging high levels of interest on loans and virtually nothing for deposits.

“The food pass will absorb only a small part of inflation – it works like an aspirin and fully shows the failure of the much-advertised but full-of-holes shopper’s basket,” PASOK-KINAL added.


ATHENS - If the Bank of Greece did not operate under the protection of the institutional framework of independence, after what happened in 2015, the country would have perhaps left the eurozone, Bank of Greece (BoG) governor, Yannis Stournaras, said on Saturday during the Kathimerini conference in a panel titled: "In the next 50 years, is Democracy safe?" Is Greece reformable?" "Who doubts that if it wasn't for the Bank of Greece, we might not be in the euro after the adventure of 2015?" he said.

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