Weekend Economists Down Under May 23-26, 2014

[Demeter]

20. Samaras pledges growth and jobs to come, warns SYRIZA may put recovery at risk

OF COURSE....BLAME YOUR FAILURES ON THE SOCIALISTS, WHO AREN'T IN POWER....

http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_20/05/2014_539887

Growth, jobs creation and tax cuts are Greece’s targets for the next few years, Prime Minister Antonis Samaras said Tuesday as he argued that a vote for SYRIZA in Sunday’s European Parliament elections would be a vote for “turning the country back.”

With just a few days left until the crucial double election contest, which will include the second round of local elections, Samaras chose to look ahead at Greece’s prospects but also to step up the rhetoric regarding SYRIZA and what kind of threat the opposition party might prove.

Samaras pledged that Greece’s unemployment rate, currently the highest in the European Union at 26.5 percent, would fall below the EU average by 2020 on the back of a growth plan he outlined Tuesday. The prime minister said that at a conservative estimate there would be 54.5 billion euros of investment in the Greek economy over the next seven years and that there would be 870,000 jobs created during this period.

“From now on, there will be no more looking down... the recession ends this year,” Samaras said in his speech at the Benaki Museum.

BRAVE WORDS, MINISTER!