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February 26, 2015

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New Democracy Says Varoufakis’ Proposal Is "Exact Copy of Bailout”

According to a 12-page “non-paper” that was issued by the main opposition New Democracy party, Minister of Finances Yanis Varoufakis list of reform proposals (that resulted in the loan agreement extension) is an exact copy of the bailout. The non paper points out that extracts from Varoufakis’ list have been copied from the previous bailout agreements.

ND notes that the government is trying to fool Greece’s creditors (by promising to complete the program) and its MPs (who were told the agreement is a “bridge” program, rather than a bailout extension). At the same time the main opposition underlines that the recent agreement is far worse than the controversial “Hardouvelis email”, which included commitments to increase Value Added Tax (VAT) on islands and reduce pensions, among others.

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