
Greek finance minister defends austerity bill
Back inside the parliament, finance minister Yannis Stournaras has defended the €13.5bn austerity package which MPs must vote on tonight.
In the face for calls for his resignation (see 6.14pm), Stournaras insisted that Greece had no choice but to swallow yet more austerity.
It's a familiar tale -- and one which the fantastic Diane Shugart tweeted. Here are some highlights:
stournaras: this bill serves 2 basic principles that i believe express majority of grks. first that all must contribute to saving country
— Diane Shugart (@dianalizia) November 7, 2012
stournaras: the second is that we can no longer preserve privileges
— Diane Shugart (@dianalizia) November 7, 2012
stournaras: the country is experience a crisis, that is not just fiscal but also a crisis of its model of production
— Diane Shugart (@dianalizia) November 7, 2012
Stournaras went on to argue that Greece could build a modernised, more efficient economy, on the back of its mineral resources and tourist sector -- assets which other countries can only envy, he argued.
He continued:
stournaras: rolling over debt to the next generation stops here
— Diane Shugart (@dianalizia) November 7, 2012
stournaras: this bill has all prerequisites for receiving [next tranche].
— Diane Shugart (@dianalizia) November 7, 2012
And in conclusion, Greece's finance minister urged MPs to set aside their concerns and support the austerity bill, to guarantee the "hope, prospects, and the continuity" of Greece.
Reports of fresh clashes between police and demonstrators:
#Greece New attack by police on protesters on Amalias & Othonos. Lots of teargas again. #7ngr #rbnews
— Theodora Oikonomides (@IrateGreek) November 7, 2012
http://www.guardian.co.uk/business/2012/nov/07/eurozone-crisis-gree...
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