EURACTIV PR

An easy way of publishing your relevant EU press releases.

Bernd Lucke: Greece is not on its way to recovery

Date

04 Oct 2016

Sections

Euro & Finance
Med & South

Strasbourg, 4th October 2016 - The professor for economics and MEP Bernd Lucke criticised the European Commission’s evaluation of the economic reforms in Greece during today’s debate in the European Parliament in Strasbourg with Economic and Monetary Affairs Commissioner Pierre Moscovici. Lucke referred to a debt sustainability analysis of the International Monetary Fund (IMF) showing that Greece was virtually bankrupt. In this analysis the IMF warned of unrealistic expectations and prognoses especially regarding the development of the primary budgetary surplus. Lucke again pleaded for a debt relief for Greece.

„The commission is misleading the European public by pretending Greece was on its way to recovery. The IMF has clearly shown the hopelessness of Greece’s situation. That is also why the IMF is refusing to take part in another aid package”, says Lucke.

Lucke emphasises that “Citizens are deliberately deceived about the progress of the reforms. Without a debt relief Greece can never be saved. The IMF is chief witness.“

ENDS

Notes: Link to the report https://www.imf.org/external/pubs/ft/scr/2016/cr16130.pdf 

Press Contact

Michael Strauss

Press Officer

michael.strauss@europarl.europa.eu

+32 470 88 23 48

Jobs

Good Food Good Farming / Deutscher Naturschutzring e.V.
Project and network manager’ (25-30h/week)
ECG - The Association of European Vehicle Logistics
Project Co-ordinator internship
Bruegel
Accountant
Small Business Standards
Standardisation Officer
Deutsche Gesellschaft für Internationale Zusammenarbeit GIZ GmbH
Advisor (m/f/d) for Nutrition, Micronutrients - Capacity for Nutrition
Science Europe AISBL
Junior Communications Officer