2 Amendments of Georgios KYRTSOS related to 2017/2229(BUD)
Amendment 1 #
Motion for a resolution
Recital E
Recital E
E. whereas, in order to establish the link between the redundancies and the global financial and economic crisis, Greece argues that its economy was in serious recession for six consecutive years (2008-2013); whereas, between 2008 and 2016, Greek GDP and public consumption fell by 26.2% and 22.8%, respectively, and there are 700 000 more unemployed in the country; whereas, to deal with foreign debt repayments, since 2008 the Greek Government has hadchosen to raise significantly tax rates, streamline public expenditure and, reduce public-sector pay and especially pensions, while private-sector, has decreased, too, in an attempt to improve the competitiveness of the Greek economya result of the mixture of policy applied, decreased, too; whereas the fall in incomes has been reflected in a fall in consumption that has hit the retail sector hard;
Amendment 3 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Points out that the economic crisis has put significant downward pressure on Greek households’ purchasing power since 2008; notes that the drastic reduction in lending to businesses and individuals has had an impact on retailers; deplores the fact that the combined impact of those two factors has led to a drop in the overall turnover index in the retail trade sector, decreasing by more than 63 % between 2008 and 2016; points out that that was not averted by the austerity measurese tax measures that the Greek Government applied since 2015 deteriorated the situation, in particular pay cuts, renegotiation of leases and deferring due dates for bills; points out that quantitative easing by the European Central Bank has failed to kickstart loans; notes that this case is a tragic consequence of creditors’ incessant pressure on Greece and of EU austerity policythis case demonstrates that the measures preferred and applied by the Greek Government could not tackle effectively and in long term the economic crisis;