Greece said, must be fresh strict measures, debt-ridden country Finance Minister Wednesday, a day after Athens attracted closer a step to get the important bailout Fund next month to avoid a disastrous default.
The prospect of more tax hikes and austerity measures are likely to be met with concern in a country, stuck in a deep recession and unemployment at about one in seven.
"We take complementary actions... due to the recession, the difficult task, and you have not produced the desired results the weakness of the Central Administration," Evangelos Venizelos said in Parliament on a cabinet meeting.
He has not specified what could be the measures. Those who so far include pension and wage cuts in the public sector and a number of tax hikes on everything from food and fuel prices and income.
Greece has been under pressure from international lenders to meet budgetary targets and slash that is large of its bloated public sector, the more than 750,000 people in the country of 11 million people. It has already promised, up to 20,000 civil servants at less pay as part of a plan to suspend shed 150,000 public procurement by 2015.
It has also recently announced, to pay a new tax on property by electricity bills easier and faster for the State to collect it. However this plan resistance encountered is state electricity company trade unionists have threatened not to collect the tax and not cut off the power supply for those who refuse to pay.
A public reeling from repeated round of spending cuts and tax increases shows waning patience with measures that seem to have not to the desired effect on the State budget. Many warn that with the country, with a view to a fourth year of recession in 2012 and unemployment more than 16 percent of the economy could sink even more rigour.
Yannis Varoufakis, Professor of Economics at the University of Athens, said the Government action appear increasingly desperate and how their strategy of "the final stages" of the Viet Nam war.
"It became ever more apparent that the war was lost, the more desperate attempts of the army and air force to bomb Vietnamese villages, to save them," said Varoufakis.
Although the prevailing view in the markets now is, that Greece will get the next batch of bailout funds, think many analysts, the current game of brinkmanship played out between the country and is being reviewed his creditors at the end of the year.
Varoufakis, said a "be real by default on the cards" in December, if Greece is looking to get the next installment of the bailout cash.
"We have to wait what decide to find out what the State of the credit crisis on the European banking sector are, because that is whether Greece in December or later by default, uses", Varoufakis said.
For now, Venizelos of strategy push is and argues that Greece create a stronger economy will, after she got a grip on public finances and the economy looks like more on the private sector and the State.
Greek Finance Minister Evangelos Venizelos said it was a ' humiliation "ask for loans for Greece and under international supervision to be, but there was no other choice." (Petros Giannakouris/associated press)Venizelos said that without the supervision of the debt, inspectors from the European Central Bank, the International Monetary Fund and the European Commission, known as the troika, Greece "tax track slipped would have."
The troika has pushed to keep hard to reform the Greek Government, which it approved in bailout money. In particular, the inspectors would like to move faster, reduce the size of the public sector.
Their quarterly financial reviews progress of the country be sure the country's international creditors funds of a 110 billion euro (149,6 billion $ CDN)-keep bailout loans, which was Greece over water since last year.
109 Billion have financed in July to a second bailout European Heads of State and Government in particular an EU Rescue Fund, known as the European facility for financial stability to expand. 440 Billion euro EFSF euro area needs to be implemented by all 17 States are ratified. Against in the 300-member of Parliament approve Greek legislators voted on principle, which agree with 183 law Wednesday, for the benefit of 38. A final vote, which will formally, ratify the legislation is expected in a few days.
The troika set its review early September amid talk of missed targets and delays and Venizelos instead of two important Conference calls with them on Monday and Tuesday.
Brussels and Athens, said was progress in the call, and the Troika Heads are returned next week in the Greek capital.
Venizelos admitted that it was a "humiliation" for Greece for loan and under international supervision, to questions, but that the country had to, if a more to avoid a calamitous result.
"We would not monitor the troika... we unfortunately once again slipped the tax track would have", he said. "As well as the country in an unprecedented way between 2004 and 2009 derailed." There is no question of intention. "It is a question of mentality, lack of ability, management structure, methods, habits, and sloth."
"The decisions we make are, unfortunately, absolutely necessary," Venizelos insisted.
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