Attack on the government and the former prime minister, Karamanlis cost, he sent his MP Achaia PASOK and former Prime Minister, George Papandreou, speaking today at 27th Forum Development which is organized in Patras.
«There is money – but where does it go?“, asked George Papandreou and as he continued, “They go to the looting we feel every day from the huge profiteering practise of the big energy companies, supermarkets and banks». “And this”, as he noted, “with the back of the government”.
“Why,” he said, “which is still lost even today in the dark paths between the client state and all kinds of interests – and wasted in unfair practices, just as it was, 20 years ago, when one scandal followed another and Parliament of Europe accused the government at that time of accounting fraud. because of false information». “Thing”, as he said, “which ultimately led to a forced loan for us».
«And unfortunately“, he continued,”from what I’ve heard lately, here in Patras, the protagonists of that tragedy seem to have no remorse». «And I use the word unrepentant” he said, “because they can once again lead the country and the people to financial incidents in the way they manage the property of the Greek people”.
Speaking afterwards about the development, George Papandreou said that “serious, sustainable development cannot be understood if it does not include, beyond the economic side, the goal of well-being, ensuring access to quality health for all, democratic and modern education, housing, mental health, and a society of solidarity and of humanity.». “Unfortunately,” he said, ”today’s politics, the ND government operates nothing but these principles and values».
Then, claiming “an example from the case of Achaia“, he said:
“In the last few days it was announced that in the Regional Development Planning Department Western Greece in three proclamations of the Development Law, no proposal was approved. Only 2% of the resources of these ads were directed to our region. And that less than 20% of the proposals in the country were approved. And I wonder: where are the resources that have come to our country in abundance in recent years finally being allocated? The European Court of Auditors speaks of the “increasing trend in irregular expenditure in the management of European resources”, stressing that “the results show critical challenges for the EU”. And Greece is leading the way opacity unfortunately”.
Also, George Papandreou said “the Central Bank also warns about the Recovery Fund”significant delay in application of costs”because “they only have 45% of the total grant funds collected so far it is focused on the real economy” (Bank of Greece Report, June 2024), and the under-execution “costs” the country about 1% of GDP annually”.
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What are the implications of George Papandreou’s criticisms of the Greek government on public trust and economic policy?
Interview: Time.news Editor and Expert on Political Economics
Editor: Welcome to Time.news, where we dissect pivotal political and economic events. Today, we’re joined by Dr. Elena Kostas, a renowned political economist, to discuss the recent remarks made by former Prime Minister George Papandreou at the 27th Forum Development in Patras. Dr. Kostas, thank you for being here.
Dr. Kostas: Thank you for having me. It’s a pleasure to discuss these important issues.
Editor: Papandreou’s comments were quite striking, particularly his assertion that “there is money – but where does it go?” He directly accused the government of allowing profiteering by big energy companies, supermarkets, and banks. What do you make of his claims?
Dr. Kostas: Papandreou’s statement is a strong indictment of fiscal management in Greece. It highlights a persistent issue in many economies where revenue is funneled into the pockets of a few instead of benefitting the broader society. The former Prime Minister rightly questions why the government facilitates this looting, suggesting a collusion between state mechanisms and corporate interests.
Editor: He also pointed out the shadow of past scandals, claiming that we’re witnessing a repeat of history where financial mismanagement echoes prior crises. How does this historical context shape today’s political landscape?
Dr. Kostas: History plays a critical role in shaping public perception and trust in government. Papandreou’s reference to the scandals from two decades ago suggests a cyclical pattern of economic missteps and cover-ups. Such a history can erode trust in political institutions, making citizens skeptical about the government’s intentions. If the public feels that their interests are being sidelined, discontent can lead to social unrest or calls for significant political change.
Editor: He labeled the current governmental actors as “unrepentant,” warning that they could lead the country into financial “incidents” again. What does the term “unrepentant” signify in this context?
Dr. Kostas: By using the word “unrepentant,” Papandreou indicates that the current leaders lack accountability and do not recognize their past mistakes. This refusal to adapt or acknowledge previous failures suggests a troubling continuity in governance that prioritizes short-term gains over sustainable, ethical management of public resources. Such negligence could indeed lead to future crises, especially if the underlying issues remain unaddressed.
Editor: Transitioning to development, Papandreou emphasized that sustainable development incorporates more than just economic growth—it includes well-being, health access, and education. Do you think the current government aligns with these principles?
Dr. Kostas: Unfortunately, based on Papandreou’s critique, it appears that the current government’s policies diverge from those principles. Focusing solely on economic growth without ensuring equitable access to services undermines the very fabric of a healthy society. Sustainable development requires an integrated approach that considers social, economic, and environmental factors. If a government neglects these areas, it risks creating a divided society where only a few prosper.
Editor: what do you see as the path forward for Greece in light of these challenges?
Dr. Kostas: The path forward requires a profound shift in governance and public policy. There needs to be increased transparency, accountability, and active citizen engagement in political processes. Additionally, Greek society must advocate for policies that prioritize social equity, health care, education, and community well-being. Only by addressing these foundational issues can Greece hope to achieve lasting stability and prosperity.
Editor: Thank you, Dr. Kostas, for your insightful analysis. As we observe the unfolding political landscape, let’s hope that dialogue translates into action that benefits all citizens.
Dr. Kostas: Thank you for having me. It’s crucial that we continue to engage in these discussions as a society.