Tag: austerity

  • Former Greek Finance Minister Varoufakis attacked in central Athens

    Former Greek Finance Minister Varoufakis attacked in central Athens

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    ATHENS — Former Greek Finance Minister Yanis Varoufakis was attacked in central Athens late on Friday, suffering a broken nose, cuts and bruises.

    The assault, which his party DiEM25 described as a “brazen fascist attack,” took place while Varoufakis was dining in the central Exarchia district with party members from all over Europe.

    “A small group of thugs stormed the place shouting aggressively, falsely accusing him of signing off on Greece’s bailouts with the troika [the country’s bailout creditors],” DiEM25 said in a statement. “Varoufakis stood up to talk to them, but they immediately responded with violence, savagely beating him while filming the scene.”

    Politicians from across the political spectrum swiftly condemned the assault in Varoufakis, the motorbike-riding, leather-jacket-wearing politician who became well-known as the country’s finance minister in 2015.  

    As part of the left-wing Syriza-led Greek government, Varoufakis battled the so-called troika and Europe-imposed austerity. While the Greek administration eventually capitulated and signed a bailout agreement, Varoufakis quit government and founded a cross-border far-left political movement, DiEM25.

    “They were not anarchists, leftists, communists or members of any movement,” Varoufakis said in a tweet early Saturday. “Thugs for hire they were (and looked it), who clumsily invoked the lie that I sold out to the troika. We shall not let them divide us.”

    The Exarchia neighborhood has a reputation for being a bastion of self-styled anarchists. Varoufakis was publicly harassed in 2015 while dining in the same district at the height of the financial crisis.

    Greek Minister of Citizen Protection Takis Theodorikakos said police would take all measures to identify and arrest the perpetrators of Friday’s attack. He noted that the DiEM25 leader, “at his own initiative, was not accompanied by his personal police detail” while at the restaurant.

    Greece has been hit by the biggest mass demonstrations since the eurozone crisis in recent days, as Greeks have taken to the streets almost on a daily basis to protest the country’s deadliest train crash, ramping up pressure on the conservative New Democracy government ahead of coming elections. The wave of public rage follows a train collision on February 28 that killed 57 people and raised profound questions about the management of the rail system.

    The train crash has also sparked deeper questions about the functioning of the Greek state and fresh anger against the political system.

    “Let us please stay focused: We are mourning the 57 victims of rail privatization. We support the spontaneous youth rallies, the greatest hope that Greece can change. See you at the demonstrations,” Varoufakis tweeted, as another big rally is scheduled for Sunday.



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    ( With inputs from : www.politico.eu )

  • Pakistan to cut number of missions abroad under austerity measures

    Pakistan to cut number of missions abroad under austerity measures

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    Islamabad: Pakistan Prime Minister Shehbaz Sharif has issued instructions to the Ministry of Foreign Affairs to slash down a number of foreign missions abroad and reduce their offices, staff, and other measures to cut down expenditures by 15 per cent.

    “The Prime Minister is pleased to direct that a well-considered proposal/plan in this respect may please be submitted to this office within two weeks positively,” The News quoted a directive issued by the PMO as saying.

    This official communication titled “Rationalisation of Foreign Mission Abroad” states that in view of the ongoing economic constraints and the consequent need for fiscal consolidation and control of external deficit, the Prime Minister was pleased to constitute a National Austerity Committee (NAC).

    The committee has recommended, inter-alia, that the expenditure on Pakistan Missions abroad may be reduced by 15 per cent.

    “This may be achieved by curtailing the number of Foreign Missions, reduction in the number of officers and staff posted there and other suitable measures,” it further stated.

    There have been increasing frustrations among the political-cum-technocratic members of the federal cabinet for reluctance on the part of the government not to implement the recommendations given by the NAC which was constituted by the premier himself but so far no action got implemented, The News reported.

    For instance, one federal minister consumes 1,000 liters of petrol on monthly basis. He possesses a luxurious vehicle and three other official cars, The News reported.

    Another minister demonstrating austerity has written a letter to return a vehicle to the government and also made the letter public.

    But he didn’t disclose that he had utilised his ministry’s limit on petrol just in a couple of months of the ongoing financial year.

    There is another practice in the Federal Secretariat as hiring was being done in name of specialists, experts, and young fellows without consideration of actual requirements and well-defined Key Performance Indicators (KPIs).

    The majority of bureaucrats is taking the monetisation of vehicles but is also using official cars and petrol through different heads, The News reported.

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    ( With inputs from www.siasat.com )