New Democracy: FinMin Tsakalotos letter to institutions a ‘humiliating apology’

Main opposition New Democracy attacked the government on Monday, accusing it of “hypocrisy,” while noting that a letter sent by Finance Minister Euclid Tsakalotos to the institutions was essentially a “humiliating letter of apology”.

In order to persuade the European Stability Mechanism (ESM) to unlock the short-term debt relief measures for Greece – originally approved on December 5 and subsequently suspended – Tsakalotos had essentially promised to never again give pensioners a one-off cash bonus, ND said in an announcement.

“At the same time, the Tsipras government has booby-trapped the country’s course by agreeing to primary surplus targets of 3.5 pct of GDP that cannot be achieved for many years. How many more times will they issue announcements celebrating the constant austerity without any return that they have imposed on the Greek people,” the announcement added.