Greece’s parliamentary budget office warns in its quarterly report of the appearance of a fiscal gap for 2016, thereby sending shivers down the spine of government officials who are trying to convince badly battered citizens that recovery is on its way.
In the same report the government is taken to task for implementing the same kind of policies that have produced disastrous effects in the past six years. The authors of the report also suggest that there is room for more reasonable spending cuts and for improving revenue flows from taxes.
At the same time, the report raises concerns about the increase in back due taxes among the country’s average citizens and regards the size of the public debt unsustainable.
Indeed, those hinting that the Greek financial crisis is approaching its end must be either fools, knaves, or both as in the case of some Syriza’s government officials.