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Greek parliament to hold confidence vote

07-08-2012 20:50 BJT

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The Greek parliament is due to hold a vote of confidence on the new government. But a day before the vote, the country’s three-party coalition government and the major opposition party were still at odds.

In his first policy speech since taking office, Greece’s new Finance Minister Yannis Stournaras reiterated the government’s plan to ask lenders for additional time to implement deficit cutting measures, citing a deeper-than-expected recession.

But he also warned of a tough road ahead in convincing the so-called troika of European Union, International Monetary Fund and European Central Bank lenders, to give Greece more time and money.

He also pledged the government would complete reforms demanded under the bailout, speed up privatisations and boost competitiveness to turn around the recession-hit economy.

Yannis Stournaras, Greek Finance Minister, said, "The privatisation program will greatly contribute to national development, enhance competitiveness and add jobs. It will help change the perception of Greece in the face of international competition and will give new momentum and confidence. "

However, the main opposition party accused the three-party government of wanting to sell Greece’s resources and public companies on the cheap.

Alexis Tsipras also added that would-be buyers of state property might lose all their money and face criminal proceedings.

Greeks now are equally split on whether the country should stick to the agreed bailout terms or ditch them. The recent poll showed 48 percent were in favour of sticking with the bailout and efforts to improve it, while another 48 percent believed it should be renounced for having failed.

The debate in parliament on government policy will end on Sunday midnight with a vote of confidence.


Editor:Zhang Dan |Source: CNTV.CN

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