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Papandreou, Loverdos Spar Over Bailout Claims

pap_Loverdos1A former minister in then Greek Prime Minister George Papandreou’s Cabinet in 2010 said he and two other colleagues were opposed to the bailout the Premier sought from the International Monetary Fund, an assertion that Papandreou said was untrue.
Andreas Loverdos,  who was Labor and Health Minister and who has now stepped out of the PASOK Socialist party, claimed that he and fellow ministers Anna Diamantopoulou and Yiannis Ragousis advised against turning to the IMF but that Papandreou was in favor of the move and was supported by Finance Minister Giorgos Papaconstantinou and Economy Minister Louka Katseli.
Papandreou issued a statement insisting that there was a unanimous Cabinet decision in May 2010 to agree the first memorandum of understanding with the IMF, as well as the European Commission and European Central Bank. “Why is he making such a break from the truth?” wondered Papandreou in his statement. He said Loverdos was looking for publicity for his break-away party, RIKSSY, that he recently formed.“What a shame, Andreas,” concluded Papandreou.
Speaking to SKAI TV, Panos Beglitis, who held the position of Alternate Defense Minister at the time, insisted that there as a unanimous Cabinet decision to turn to the mechanism set up by the troika. He said that Germany and others within Europe insisted that the IMF take part because of its know-how in creating fiscal adjustment programs.

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