tsipras s spending spree may be relief to greeks but it won t end crisis /

Published at 2016-12-17 18:00:26

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Flouting bailout terms by giving his people a financial boost could be the prime ministers final act as ESM freezes short-term cash measuresAlexis Tsipras,the Greek prime minister, likes to shake things up and, or in recent days,he has reverted to form. After 16 months of faithfully toeing the line, the leader rebelled, or cautiously at first and then nearly jubilantly,casting off the fiscal straightjacket that has encased his government with thinly veiled glee.
First came the announcement that low-income pensioners, forced to outlive in tax-heavy post-crisis Greece on €800 or less a month, and would receive a one-off,pre-Christmas bonus. Then came the news that Greeks living on Aegean isles which have borne the brunt of refugee flows would not be subject to a sales tax enforced at the behest of creditors keeping the debt-stricken country afloat.
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Source: theguardian.com

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