Eurogroup finance ministers and Bank of Greece Governor Yannis Stournaras may be ringing the alarm bell regarding the fiscal consequences of a barrage of handouts that the government is announcing, but it appears that the PM's office has decided to press forward anyway in order to change the negative political climate.
Bank of Greece Governor Yannis Stournaras on Wednesday disputed the Finance Ministry's projection that there will be an overrun in the year's primary fiscal budget, and expressed his clear opposition to the handouts the government passed on the same day through Parliament and intends to continue introducing.
Greece will achieve a primary surplus of 3.5 pct of gross domestic product this year based on general government fiscal data for the first quarter of 2019, but it will be unable to exceed this target if current trends prevail over the rest of the year, Bank of Greece Governor Yannis Stournaras told the Athens-Macedonian News Agency (ANA-MPA) on Wednesday.
For three days, 8-10 May, Greek politics will be focused on a vote of confidence that will be held on 10 May
Prime Minister Alexis Tsipras has invoked his parliamentary right to turn New Democracy leader Kyriakos Mitsotakis' no-confidence motion against his alternate health minister Pavlos Polakis into a vote of confidence in the government.
For over one year the Novartis affair has fueled constant political tensions and it will be a central issue in the forthcoming general election, which is to be held by October at latest.
To Vima on Sunday reported yesterday that Corruption Prosecutor Eleni Touloupaki (photo) has told the Judicial Council that she expects the case to be wrapped up within the next six months.
The Novartis affair, which was once described by the government as the biggest scandal since the establishment of the Greek state, appears to be fizzling out as the judiciary closed the investigation due to lack of evidence for four politicians and sent only the case of former health minister Andreas Loverdos (Pasok) to parliament with a request that his parliamentary immunity be lifted so that