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EU policies destructive for Greece economy: Analyst

European Union’s austerity policies have had a destructive impact on Greece’s economy, a political commentator says.

1 min read

Press TV has conducted an interview with Ian Williams, with the Foreign Policy in Focus, in New York, to discuss the European Union’s pressure on Greece to follow up EU-proposed austerity measures.

Brussels’ calls for Athens to reduce unions’ rights and pensions has nothing to do with re-balancing the fiscal or economic situation of Greece, Williams maintains, adding that EU demands are “destructive for the Greek economy.”

Williams concludes that the Greek government wants to implement a taxation program within a period of years to break the current fiscal gap and the European Union is expected to support the procedure because Greece’s fall-down will bring everyone else down.

ABN/MKA