Electoral Handouts

In Greece, the PM and his government are opening a budget gap of billions of euros with measures they announced a few weeks before the election.

During its four years in power the ruling party created dissatisfaction with the government’s policies in society and a loathing of the government itself.

The entire economy has fallen victim to over-taxation, for which the government opted so to collect funds for electoral handouts at the end of its term.

How will the labour market absorb the wage hike? One would hope it will not be by reducing the number of jobs.

'Even the dread ENFIA real estate tax will be reduced [slightly] and there will be a hike in the minimum wage, which is now 586 euros gross monthly'

Political normalcy requires clears rules of the game. It means that a government does not live and breathe only with elections in mind, without setting their date.