In a dramatic start to his tenure in office, Greece’s new prime minister, Alexis Tsipras, has begun
On the basis of this plan, we will fight and secure a socially viable solution to Greece’s debt problem so that our country is able to pay off the remaining debt from the creation of new wealth and not from primary surpluses, which deprive society of income. With that plan, we will lead with security the country to recovery and productive reconstruction by:
The present Samaras government is once again ready to accept the decisions of the creditors. The only alliance which it cares to build is with the German government.
This is our difference and this is, at the end, the dilemma:
European negotiation by a SYRIZA government, or acceptance of the creditors’ terms on Greece by the Samaras government.
Negotiation or non-negotiation.
Growth or austerity.
SYRIZA or New Democracy.'
What will happen though until the negotiation is over?
With SYRIZA for a National Reconstruction Plan for the Greek society.
We assume responsibility and are accordingly committed to the Greek people for a National Reconstruction Plan that will replace the Memorandum as early as our first days in power, before and regardless of the negotiation outcome.
The National Reconstruction Plan focuses on four major pillars to reverse the social and economic disintegration, to reconstruct the economy and exit from the crisis.
Ist PILLAR: Confronting the humanitarian crisis
Total estimated cost: €1,882 billion
Our program to immediately confront the humanitarian crisis, with an estimated cost around €2 billion, amounts to a comprehensive grid of emergency interventions, so as to raise a shield of protection for the most vulnerable social strata.
Free electricity to 300.000 households currently under the poverty line up to 300 kWh per month per family; that is, 3.600 kWh per year.Total cost: €59,4 million.
Programme of meal subsidies to 300.000 families without income. The implementation will take place via a public agency of coordination, in cooperation with the local authorities, the Church and solidarity organizations. Total cost: €756 million.
Programme of housing guarantee. The target is the provision of initially 30.000 apartments (30, 50, and 70 m²), by subsidizing rent at €3 per m². Total cost: €54 million.
Restitution of the Christmas bonus, as 13th pension, to 1.262.920 pensioners with a pension up to €700. Total cost: €543,06 million.
Free medical and pharmaceutical care for the uninsured unemployed. Total cost: €350 million.
Special public transport card for the long-term unemployed and those who are under the poverty line. Total cost: €120 million.
Repeal of the leveling of the special consumption tax on heating and automotive diesel. Bringing the starting price of heating fuel for households back to €0,90 per lt, instead of the current €1,20 per lt. Benefit is expected.
2nd PILLAR: Restarting the economy and promoting tax justice
Total estimated cost: €6,5 billion
Total estimated benefit: €3,0 billion
The second pillar is centered on measures to restart the economy. Priority is given to alleviating tax suppression on the real economy, relieving citizens of financial burdens, injecting liquidity and enhancing demand.
Excessive taxation on the middle class as well as on those who do not tax-evade has entrapped a great part of citizens in a situation which directly threatens their employment status, their private property, no matter how small, and even their physical existence, as proved by the unprecedented number in suicides.
Settlement of financial obligations to the state and social security funds in 84 installments.
Estimated benefit: €3 billion
The revenue which we expect to collect on an annual basis (between 5% and 15% of the total owed) will be facilitated by the following measures:
The immediate cease of prosecution as well as of confiscation of bank accounts, primary residence, salaries, etc, and the issuance of tax clearance certificate to all those included in the settlement process.
A twelve-month suspension of prosecution and enforcement measures against debtors with an established zero income, included in the settlement process.
Repeal of the anti-constitutional treatment of outstanding financial obligations to the state as offence in the act (in flagrante delicto).
Abolition of the mandatory 50% down payment of the outstanding debt as a prerequisite to seek a court hearing. The down payment will be decided by a judge. It will be around 10%-20%, according to the financial circumstances of the debtor.
Immediate abolition of the current unified property tax (ENFIA). Introduction of a tax on large property. Immediate downward adjustment of property zone rates per m².
Estimated cost: €2 billion.
That tax will be progressive with a high tax-free threshold. With the exception of luxurious homes, it will not apply on primary residence. In addition, it will not concern small and medium property.
Restitution of the €12000 annual income tax threshold. Increase in the number of tax brackets to ensure progressive taxation.
Estimated cost: €1.5 billion.
Personal debt relief by restructuring non-performing loans («red loans») by individuals and enterprises.
This new relief legislation will include: the case-by-case partial write-off of debt incurred by people who now are under the poverty line, as well as the general principle of readjusting outstanding debt so that its total servicing to banks, the state, and the social security funds does not exceed ⅓ of a debtor’s income.
We are setting up a public intermediary organization for the handling of private debt, not as a «bad bank», but both as manager of any payment overdue to the banks and as bank controller regarding the implementation of the agreed-upon settlements.
In the next days, SYRIZA will table a law proposal to extend ad infinitum the suspension of foreclosures on primary residences, valued less than €300000.
The law proposal will also include the prohibition to sell or transfer the rights over loans and over land charges to secure the loans to non-bank financial institutions or companies.
Establishment of a public development bank as well as of special-purpose banks:
Starting capital at €1 billion.
Restoration of the minimum wage to €751.
Zero cost.
3rd PILLAR: National plan to regain employment
Estimated cost: €3 billion
A net increase in jobs by 300000 in all sectors of the economy – private, public, social – is expected to be the effect of our two-year plan to regain employment. Such a plan is indispensable for absorbing the long-term unemployed, particularly those over 55 years, as well as the young unemployed, who would be largely bypassed by economic growth. Our plan would save funds to expand unemployment insurance to more beneficiaries.
Restitution of the institutional framework to protect employment rights that was demolished by the Memoranda governments.
Restitution of the so-called «after-effect» of collective agreements; of the collective agreements themselves as well as of arbitration.
Abolition of all regulations allowing for massive and unjustifiable layoffs as well as for renting employees.
Zero cost
Employment programme for 300000 new jobs.
Estimated first-year cost: €3 billion
4th PILLAR: Transforming the political system to deepen democracy
Total estimated cost: €0
From the first year of SYRIZA government, we set in motion the process for the institutional and democratic reconstruction of the state. We empower the institutions of representative democracy and we introduce new institutions of direct democracy.
Regional organization of the state. Enhancement of transparency, of the economic autonomy and the effective operation of municipalities and regions. We empower the institutions of direct democracy and introduce new ones.
Empowerment of citizens’ democratic participation. Introduction of new institutions, such as people’s legislative initiative, people’s veto and people’s initiative to call a referendum.
Empowerment of the Parliament, curtailment of parliamentary immunity, and repeal of the peculiar legal regime of MPs’ non-prosecution.
Regulation of the radio/television landscape by observing all legal preconditions and adhering to strict financial, tax, and social-security criteria. Re-establishment of ERT (Public Radio and Television) on a zero basis.
Estimating the cost of the non-negotiable plan of immediate measures to restructure society.
We have calculated the total cost of the immediate programme for confronting the humanitarian crisis as well as the fiscal cost of abolishing monstrous tax measures.
It will be fully covered as follows:
First of all, from the measures and procedures of settlement and clearance. We plan to collect, at a minimum, €20 billion out of a total of €68 billion in arrears over a seven-year period. That would add approximately €3 billion into the public coffers in the first year.
Secondly, by decisively combatting tax evasion and smuggling (e.g. fuel and cigarette smuggling), something that requires resolve and political will to clash with oligarchic interests.
Regarding the starting capital of the public intermediary organization and the cost of the establishment of a public development bank as well as of special-purpose banks, totaling €3 billion, we will finance it from the so-called «comfort pillow» of the, around, €11 billion of the Hellenic Financial Stability Fund intended for the banking system.
Regarding the total cost of the plan to regain employment: it amounts to €5 billion, €3 billion of which is the cost in the first implementation year. During that first year, the cost will be financed through: €1 billion from the National Strategic Reference Framework 2007-2013 «bridge projects»; €1,5 billion from its 2014-2020 equivalent, and €500 million from other specialized European instruments for employment.
In addition, considering the huge effort that will be required to restore pensions, our government, instead of selling-out public property, it will transfer a part of it to social security funds.
That is the minimum of measures to be taken in order to reverse the catastrophic consequences of the Private Sector Involvement (PSI) on the pension funds and individual bondholders and gradually restore pensions.
ESTIMATED TOTAL COST OF THE «THESSALONIKI PROGRAMME»:
€11,382 billion
ESTIMATED TOTAL REVENUES:
€12 billion
- See more at: http://greece.greekreporter.com/2015/01/28/greece-this-is-syrizas-new-government-plan-in-detail/#sthash.hb3wPO4Z.SfTfqG2m.dpuf
unpicking the deeply unpopular austerity policies underpinning the debt-stricken country’s bailout programme.
After storming to power on Sunday, the leftwinger said there was no time to waste. “We will continue with our plan,” he told his first cabinet meeting on Wednesday. “We don’t have the right to disappoint our voters.”
The government’s top priority would be to tackle the “humanitarian crisis” – the result of five years of punitive belt-tightening measures – but also to open negotiations over Greece’s unsustainable debt, at €320bn (£239bn) the largest in Europe.
“We won’t get into a mutually destructive clash, but we will not continue a policy of subjection,” said Tsipras, who at 40 is Greece’s youngest postwar leader.
Catapulted into office for the first time, Syriza – in power with the small, rightwing Independent Greeks party after falling two seats short of an overall majority in the 300-seat house – set about acting on its pledges before the cabinet meeting even began.
Earlier, the energy minister, Panagiotis Lafazanis, called a halt to the privatisation programme that the EU and IMF have demanded in exchange for the €240bn in aid keeping Greece afloat.
Plans to sell off the country’s dominant power corporation, PPC, were to be frozen with immediate effect. “
We will immediately stop any privatisation of PPC,” said the politician, who heads Syriza’s militant Left Platform.
A proposed schemeto privatise the port of Pireaus, the country’s largest docks, were also put on hold. China’s giant consortium, Cosco, and four other suitors had been vying for a 67% stake in the port authority, agreed in consultation with creditors by Greece’s previous conservative-led coalition government.
“The Cosco deal will be reviewed to the benefit of the Greek people,” Thodoris Dritsas, the deputy minister in charge of shipping, told Reuters.
Shares in PCC and Piraeus Port both tumbled by around 7% at the start of trading in Athens, while Greek government bond yields rose to near record levels and bank shares fell.
Dismantling the EU-IMF mandated measures that had plunged Greece into poverty and despair would, declared Panos Skourletis, the labour minister, be his single greatest priority.
“The reinstatement of the minimum wage to €751 (£560) [a month] will be among the government’s first bills,” Skourletis announced on Antenna TV.
Under international stewardship, Athens had been forced to pare back the minimum wage to under €500, ostensibly to increase competitiveness and make the labour market more attractive. Skourletis, formerly Syriza’s hard-nosed spokesman, said plans were similarly under way to bring back collective work agreements – a major demand of unions – and to annul the enforced mobilisation of workers protesting against cuts. Under the former prime minister Antonis Samaras, whose fragile coalition had held office for almost three years until it was ousted on Sunday, striking employees had been regularly mobilised. The orders had been seen as one of the worst infringements of workers’ rights.
In another departure, bound to put it at odds with Brussels, the government challenged fresh EU moves to step up sanctions on Russia over its actions in Ukraine.
The new foreign minister, Nikos Kotzias, a political science professor and leftwing patriot, said further measures would not be in Athens’ interests.
Greece, Tsipras insisted, had finally ushered in a new era, one that would seek to clamp down on the inequities of life as Greeks had known them in the 40 years since the restoration of democracy after the collapse of military rule.
The corruption and vested interests that had oiled the wheels of the country’s financial and political elites would be chased without mercy, he said.
“We have come to radically change the way in which the country is administered,” he said, warning government ministers against the perils of becoming arrogant in power.
“We come with certain rules and regulations to put an end to the regime of entanglement [corruption] and to make the clientelist state a thing of the past. The power that has been granted to us, doesn’t belong to us. It belongs to those who gave it to us to handle.”
But with Athens seemingly bent on a collision course with foreign lenders, the warnings also came in thick and fast. “The message ‘we want your support but not your conditions’ won’t fly,” snapped the Dutch finance minister, Jeroen Dijsselbloem, who as head of the euro group is set to visit Athens for talks with the vehemently anti-austerity economics minister, Yanis Varoufakis. “My message will be that we’re open to cooperation, but that the support from Europe also means the Greeks have to make an effort.”
Source: The Guardian
See Also: http://democracyandclasstruggle.blogspot.co.uk/2015/01/stathis-kouvelakiss-thoughts-on-syrizas.html
After storming to power on Sunday, the leftwinger said there was no time to waste. “We will continue with our plan,” he told his first cabinet meeting on Wednesday. “We don’t have the right to disappoint our voters.”
The government’s top priority would be to tackle the “humanitarian crisis” – the result of five years of punitive belt-tightening measures – but also to open negotiations over Greece’s unsustainable debt, at €320bn (£239bn) the largest in Europe.
“We won’t get into a mutually destructive clash, but we will not continue a policy of subjection,” said Tsipras, who at 40 is Greece’s youngest postwar leader.
Catapulted into office for the first time, Syriza – in power with the small, rightwing Independent Greeks party after falling two seats short of an overall majority in the 300-seat house – set about acting on its pledges before the cabinet meeting even began.
Earlier, the energy minister, Panagiotis Lafazanis, called a halt to the privatisation programme that the EU and IMF have demanded in exchange for the €240bn in aid keeping Greece afloat.
Plans to sell off the country’s dominant power corporation, PPC, were to be frozen with immediate effect. “
We will immediately stop any privatisation of PPC,” said the politician, who heads Syriza’s militant Left Platform.
A proposed schemeto privatise the port of Pireaus, the country’s largest docks, were also put on hold. China’s giant consortium, Cosco, and four other suitors had been vying for a 67% stake in the port authority, agreed in consultation with creditors by Greece’s previous conservative-led coalition government.
“The Cosco deal will be reviewed to the benefit of the Greek people,” Thodoris Dritsas, the deputy minister in charge of shipping, told Reuters.
Shares in PCC and Piraeus Port both tumbled by around 7% at the start of trading in Athens, while Greek government bond yields rose to near record levels and bank shares fell.
Dismantling the EU-IMF mandated measures that had plunged Greece into poverty and despair would, declared Panos Skourletis, the labour minister, be his single greatest priority.
“The reinstatement of the minimum wage to €751 (£560) [a month] will be among the government’s first bills,” Skourletis announced on Antenna TV.
Under international stewardship, Athens had been forced to pare back the minimum wage to under €500, ostensibly to increase competitiveness and make the labour market more attractive. Skourletis, formerly Syriza’s hard-nosed spokesman, said plans were similarly under way to bring back collective work agreements – a major demand of unions – and to annul the enforced mobilisation of workers protesting against cuts. Under the former prime minister Antonis Samaras, whose fragile coalition had held office for almost three years until it was ousted on Sunday, striking employees had been regularly mobilised. The orders had been seen as one of the worst infringements of workers’ rights.
In another departure, bound to put it at odds with Brussels, the government challenged fresh EU moves to step up sanctions on Russia over its actions in Ukraine.
The new foreign minister, Nikos Kotzias, a political science professor and leftwing patriot, said further measures would not be in Athens’ interests.
Greece, Tsipras insisted, had finally ushered in a new era, one that would seek to clamp down on the inequities of life as Greeks had known them in the 40 years since the restoration of democracy after the collapse of military rule.
The corruption and vested interests that had oiled the wheels of the country’s financial and political elites would be chased without mercy, he said.
“We have come to radically change the way in which the country is administered,” he said, warning government ministers against the perils of becoming arrogant in power.
“We come with certain rules and regulations to put an end to the regime of entanglement [corruption] and to make the clientelist state a thing of the past. The power that has been granted to us, doesn’t belong to us. It belongs to those who gave it to us to handle.”
But with Athens seemingly bent on a collision course with foreign lenders, the warnings also came in thick and fast. “The message ‘we want your support but not your conditions’ won’t fly,” snapped the Dutch finance minister, Jeroen Dijsselbloem, who as head of the euro group is set to visit Athens for talks with the vehemently anti-austerity economics minister, Yanis Varoufakis. “My message will be that we’re open to cooperation, but that the support from Europe also means the Greeks have to make an effort.”
Source: The Guardian
See Also: http://democracyandclasstruggle.blogspot.co.uk/2015/01/stathis-kouvelakiss-thoughts-on-syrizas.html
Here’s the translation of the official SYRIZA government programme as it was announced at the Thessaloniki International Fair on September 15, 2014. The programme refers to the renegotiations on Greek debt and promises reverse the austerity measures Samaras government’ had undertaken. Here’s the full text: - See more at: http://greece.greekreporter.com/2015/01/28/greece-this-is-syrizas-new-government-plan-in-detail/#sthash.hb3wPO4Z.SfTfqG2m.dpuf
Official SYRIZA Government Programme
What the SYRIZA Government Will Do
By Alexis Tsipras
By Alexis Tsipras
The Context of Negotiation
We demand immediate parliamentary elections and a strong negotiation mandate with the goal to:
- Write-off the greater part of public debt’s nominal value so that it becomes sustainable in the context of a «European Debt Conference». It happened for Germany in 1953. It can also happen for the South of Europe and Greece.
- Include a «growth clause» in the repayment of the remaining part so that it is growth-financed and not budget-financed.
- Include a significant grace period («moratorium») in debt servicing to save funds for growth.
- Exclude public investment from the restrictions of the Stability and Growth Pact.
- A «European New Deal» of public investment financed by the European Investment Bank.
- Quantitative easing by the European Central Bank with direct purchases of sovereign bonds.
- Finally, we declare once again that the issue of the Nazi Occupation forced loan from the Bank of Greece is open for us. Our partners know it. It will become the country’s official position from our first days in power.
- Immediately increasing public investment by at least €4 billion.
- Gradually reversing all the Memorandum injustices.
- Gradually restoring salaries and pensions so as to increase consumption and demand.
- Providing small and medium-sized enterprises with incentives for employment, and subsidizing the energy cost of industry in exchange for an employment and environmental clause.
- Investing in knowledge, research, and new technology in order to have young scientists, who have been massively emigrating over the last years, back home.
- Rebuilding the welfare state, restoring the rule of law and creating a meritocratic state.
The present Samaras government is once again ready to accept the decisions of the creditors. The only alliance which it cares to build is with the German government.
This is our difference and this is, at the end, the dilemma:
European negotiation by a SYRIZA government, or acceptance of the creditors’ terms on Greece by the Samaras government.
Negotiation or non-negotiation.
Growth or austerity.
SYRIZA or New Democracy.'
What will happen though until the negotiation is over?
With SYRIZA for a National Reconstruction Plan for the Greek society.
We assume responsibility and are accordingly committed to the Greek people for a National Reconstruction Plan that will replace the Memorandum as early as our first days in power, before and regardless of the negotiation outcome.
The National Reconstruction Plan focuses on four major pillars to reverse the social and economic disintegration, to reconstruct the economy and exit from the crisis.
THE FOUR PILLARS OF THE NATIONAL RECONSTRUCTION PLAN
- Confronting the humanitarian crisis
- Restarting the economy and promoting tax justice
- Regaining employment
- Transforming the political system to deepen democracy
Ist PILLAR: Confronting the humanitarian crisis
Total estimated cost: €1,882 billion
Our program to immediately confront the humanitarian crisis, with an estimated cost around €2 billion, amounts to a comprehensive grid of emergency interventions, so as to raise a shield of protection for the most vulnerable social strata.
Free electricity to 300.000 households currently under the poverty line up to 300 kWh per month per family; that is, 3.600 kWh per year.Total cost: €59,4 million.
Programme of meal subsidies to 300.000 families without income. The implementation will take place via a public agency of coordination, in cooperation with the local authorities, the Church and solidarity organizations. Total cost: €756 million.
Programme of housing guarantee. The target is the provision of initially 30.000 apartments (30, 50, and 70 m²), by subsidizing rent at €3 per m². Total cost: €54 million.
Restitution of the Christmas bonus, as 13th pension, to 1.262.920 pensioners with a pension up to €700. Total cost: €543,06 million.
Free medical and pharmaceutical care for the uninsured unemployed. Total cost: €350 million.
Special public transport card for the long-term unemployed and those who are under the poverty line. Total cost: €120 million.
Repeal of the leveling of the special consumption tax on heating and automotive diesel. Bringing the starting price of heating fuel for households back to €0,90 per lt, instead of the current €1,20 per lt. Benefit is expected.
2nd PILLAR: Restarting the economy and promoting tax justice
Total estimated cost: €6,5 billion
Total estimated benefit: €3,0 billion
The second pillar is centered on measures to restart the economy. Priority is given to alleviating tax suppression on the real economy, relieving citizens of financial burdens, injecting liquidity and enhancing demand.
Excessive taxation on the middle class as well as on those who do not tax-evade has entrapped a great part of citizens in a situation which directly threatens their employment status, their private property, no matter how small, and even their physical existence, as proved by the unprecedented number in suicides.
Settlement of financial obligations to the state and social security funds in 84 installments.
Estimated benefit: €3 billion
The revenue which we expect to collect on an annual basis (between 5% and 15% of the total owed) will be facilitated by the following measures:
The immediate cease of prosecution as well as of confiscation of bank accounts, primary residence, salaries, etc, and the issuance of tax clearance certificate to all those included in the settlement process.
A twelve-month suspension of prosecution and enforcement measures against debtors with an established zero income, included in the settlement process.
Repeal of the anti-constitutional treatment of outstanding financial obligations to the state as offence in the act (in flagrante delicto).
Abolition of the mandatory 50% down payment of the outstanding debt as a prerequisite to seek a court hearing. The down payment will be decided by a judge. It will be around 10%-20%, according to the financial circumstances of the debtor.
Immediate abolition of the current unified property tax (ENFIA). Introduction of a tax on large property. Immediate downward adjustment of property zone rates per m².
Estimated cost: €2 billion.
That tax will be progressive with a high tax-free threshold. With the exception of luxurious homes, it will not apply on primary residence. In addition, it will not concern small and medium property.
Restitution of the €12000 annual income tax threshold. Increase in the number of tax brackets to ensure progressive taxation.
Estimated cost: €1.5 billion.
Personal debt relief by restructuring non-performing loans («red loans») by individuals and enterprises.
This new relief legislation will include: the case-by-case partial write-off of debt incurred by people who now are under the poverty line, as well as the general principle of readjusting outstanding debt so that its total servicing to banks, the state, and the social security funds does not exceed ⅓ of a debtor’s income.
We are setting up a public intermediary organization for the handling of private debt, not as a «bad bank», but both as manager of any payment overdue to the banks and as bank controller regarding the implementation of the agreed-upon settlements.
In the next days, SYRIZA will table a law proposal to extend ad infinitum the suspension of foreclosures on primary residences, valued less than €300000.
The law proposal will also include the prohibition to sell or transfer the rights over loans and over land charges to secure the loans to non-bank financial institutions or companies.
Establishment of a public development bank as well as of special-purpose banks:
Starting capital at €1 billion.
Restoration of the minimum wage to €751.
Zero cost.
3rd PILLAR: National plan to regain employment
Estimated cost: €3 billion
A net increase in jobs by 300000 in all sectors of the economy – private, public, social – is expected to be the effect of our two-year plan to regain employment. Such a plan is indispensable for absorbing the long-term unemployed, particularly those over 55 years, as well as the young unemployed, who would be largely bypassed by economic growth. Our plan would save funds to expand unemployment insurance to more beneficiaries.
Restitution of the institutional framework to protect employment rights that was demolished by the Memoranda governments.
Restitution of the so-called «after-effect» of collective agreements; of the collective agreements themselves as well as of arbitration.
Abolition of all regulations allowing for massive and unjustifiable layoffs as well as for renting employees.
Zero cost
Employment programme for 300000 new jobs.
Estimated first-year cost: €3 billion
4th PILLAR: Transforming the political system to deepen democracy
Total estimated cost: €0
From the first year of SYRIZA government, we set in motion the process for the institutional and democratic reconstruction of the state. We empower the institutions of representative democracy and we introduce new institutions of direct democracy.
Regional organization of the state. Enhancement of transparency, of the economic autonomy and the effective operation of municipalities and regions. We empower the institutions of direct democracy and introduce new ones.
Empowerment of citizens’ democratic participation. Introduction of new institutions, such as people’s legislative initiative, people’s veto and people’s initiative to call a referendum.
Empowerment of the Parliament, curtailment of parliamentary immunity, and repeal of the peculiar legal regime of MPs’ non-prosecution.
Regulation of the radio/television landscape by observing all legal preconditions and adhering to strict financial, tax, and social-security criteria. Re-establishment of ERT (Public Radio and Television) on a zero basis.
Estimating the cost of the non-negotiable plan of immediate measures to restructure society.
We have calculated the total cost of the immediate programme for confronting the humanitarian crisis as well as the fiscal cost of abolishing monstrous tax measures.
It will be fully covered as follows:
First of all, from the measures and procedures of settlement and clearance. We plan to collect, at a minimum, €20 billion out of a total of €68 billion in arrears over a seven-year period. That would add approximately €3 billion into the public coffers in the first year.
Secondly, by decisively combatting tax evasion and smuggling (e.g. fuel and cigarette smuggling), something that requires resolve and political will to clash with oligarchic interests.
Regarding the starting capital of the public intermediary organization and the cost of the establishment of a public development bank as well as of special-purpose banks, totaling €3 billion, we will finance it from the so-called «comfort pillow» of the, around, €11 billion of the Hellenic Financial Stability Fund intended for the banking system.
Regarding the total cost of the plan to regain employment: it amounts to €5 billion, €3 billion of which is the cost in the first implementation year. During that first year, the cost will be financed through: €1 billion from the National Strategic Reference Framework 2007-2013 «bridge projects»; €1,5 billion from its 2014-2020 equivalent, and €500 million from other specialized European instruments for employment.
In addition, considering the huge effort that will be required to restore pensions, our government, instead of selling-out public property, it will transfer a part of it to social security funds.
That is the minimum of measures to be taken in order to reverse the catastrophic consequences of the Private Sector Involvement (PSI) on the pension funds and individual bondholders and gradually restore pensions.
ESTIMATED TOTAL COST OF THE «THESSALONIKI PROGRAMME»:
€11,382 billion
ESTIMATED TOTAL REVENUES:
€12 billion
- See more at: http://greece.greekreporter.com/2015/01/28/greece-this-is-syrizas-new-government-plan-in-detail/#sthash.hb3wPO4Z.SfTfqG2m.dpuf
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