Greek PM says debt relief is a condition for more austerity: HumSub.TV
Greek PM says debt relief is a condition for more austerity: HumSub.TV: Greece will implement additional austerity measures agreed with its official creditors on condition of further debt relief that will enable the country to be included in the ECB’s bond buying scheme, Prime Minister Alexis Tsipras said on Sunday.
Athens struck a deal with its international creditors at Friday’s meeting of euro zone finance ministers in Malta on key elements of a reform package that could unlock bailout funds for the country to help it repay maturing debt in July.
“Medium-term debt relief measures, able to include us in (the ECB’s) quantitative easing, and a fiscal path that will not be unattainable, is the condition for us to implement the measures we decided,” Tsipras told his leftist Syriza party’s central committee.
Athens agreed to take measures that will cut government spending on pensions by 1.0 percent of economic output in 2019, a year after its current 86 billion euro bailout programme expires.
It also committed to tax reforms in 2020 to generate additional revenue equal to another 1 percent of gross domestic product, mainly by lowering the current income tax exemption threshold.
To make the deal more palatable for Greece the lenders agreed that if budget savings targets are exceeded, Athens will be allowed to implement relief measures to boost the economy.
“What was decided in Malta … renders the horizon for the country’s exit from supervision visible,” Tsipras said, in a bid to drum up support for the difficult measures his lawmakers will need to legislate.
“After Malta, the road opens for specifying measures on debt relief. This will send a clear message that the crisis is behind us,” he said.
Greece is aiming for a budget surplus before debt servicing outlays of 3.5 percent of GDP in 2018, a level it will have to maintain thereafter over the “medium term”. There is no agreement yet on what exactly “medium term” means as euro zone ministers did not discuss this during Friday’s meeting.
Tsipras said the compromise reached in Malta would enable his government to also legislate relief measures to tackle poverty, unemployment and build a “social state”.
“I am certain that the difficult decisions we took … are ones that in a few years, when we look back at the crucial dilemmas we faced, we will be sure we did the right thing,” Tsipras said.
Greek PM says debt relief is a condition for more austerity: HumSub.TV
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Introduction
HumSub TV is Pakistan’s leading forwarding-thinking, edutainment channel, aimed at promoting and upholding peace, interfaith harmony and social responsibility within Pakistan through informative and insightful programmes and documentaries; analytical interviews on issues pertaining to social, economic, legal and environmental set-up; dedicated shows to canvass and thereby promote the culture and heritage of Pakistan and in-depth coverage of national and international news.
HumSub TV is the first channel and thus a pioneer within its own right that mainly focuses on emphasising the “Rights” as well as the “Obligations” of the citizens in light of the Constitution of Pakistan, numerous International declarations signed by the Government and various laws that have been promulgated over the years but are not in the knowledge of the common citizen.
HumSub TV also aims to enter into bilateral agreements with other countries to promote not only their culture, heritage and tourism, but also their educational and medical facilities.
Following the successful launch of HumSub TV’s head office in Blue Area, Islamabad; the bureau office has been set up in Lahore.
Vision
To project positive image building of Pakistan and inculcate nationalism, as per the vision of the founder of the nation, Quaid-e-Azam Mohammad Ali Jinnah.
Mission
HumSub TV is resolute about the promotion of a pluralistic, inclusive and egalitarian society in Pakistan where all citizens are allowed to contribute to promote interfaith harmony, peace and collective wisdom in the social, political and economic development of Pakistan and to encourage critical and lateral thinking in the society. HumSub TV strives to make a positive contribution to this end.
HumSub TV’s Theme
HumSub TV, Pakistan’s first EDUTAINMENT Channel, has been set up for not only those audience residing in Pakistan or overseas but the international community on the whole. The vision of the channel is to project positive image building of Pakistan and inculcate nationalism as per the vision of the founder of the nation.
HumSub TV strives to make a positive contribution to this end by promoting pluralism, inclusiveness and egality in Pakistan and give voice to the suppressed. It endeavors to act as a positive catalyst for social change and Pakistani nationalism. It envisions providing a platform for airing critical and lateral thinking and collective wisdom by inviting positive minded intellectuals and opinion forming individuals for the promotion of interfaith harmony and peace in the social, political and economic development of Pakistan.
Whereas the channel airs upbeat edutainment programmes, it, nonetheless, has the primary objective of countering negative anti-Pakistan regional and international propaganda as well as advancing fundamental rights as encapsulated in the Constitution of Pakistan.
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