May 2, 2024

Athens News

News in English from Greece

“There is no more money” – the government is cutting all social benefits “due to floods”


“There is no more money,” the government exclaimed when it became known from Treasury sources that Market Pass 3, i.e. extending food subsidies until the end of the year, as well as subsidies for heating fuel, are a thing of the past, since there simply is not enough money even to “hold out” until the end of the year, and additional external borrowing will be required!

Imaginary “exceeding this year’s budget” and supposedly “surplus income from tourism” turned out to be exaggerated, and now there is a struggle to fulfill the memorandum commitment for a primary surplus of 0.7% of GDP.

To put the tragic state of the economy into perspective, the Market Pass costs around €200 million, but even that doesn’t exist.

With food and fuel prices and the overall cost of living soaring, Greece is heading into its harshest winter since 2015.

The floods in Thessaly, for which the government and the region it controls are solely responsible, are believed to have created “new situation”but how true is this?

Yesterday in Megaro Maximo they celebrated the allocation of 2.2 billion euros by the European Union, and today the Minister of Rural Development L. Avgenakis said that the news that disasters are occurring in Thessaly that will affect the economy in the coming years is fake and threatened the media for its distribution.

Who is telling the truth and who is lying? Guess it twice…



Source link

Verified by MonsterInsights