Populism in the run-up to the presidential elections is running red. Logical, coming from the AKEL candidate.
Mr Mavroyiannis adopts without any qualms the destructive policies imposed on him by the party that brought about the economic disaster. Among others. (*[*]Without any costing, without explaining where the funds will come from, the impact on public finances and the effect on the country's ratings. With the inevitable result of creating budget deficits, increasing public debt and the downgrading of the Cypriot economy, bringing back to our memories the events of 2011 and the Memorandum Period. [*]It promises to abolish the 12% actuarial reduction for those who retire early, a measure promoted and institutionalised by the AKEL government with Ms Sotiroula Charalambous as Minister of Labour. A measure that will essentially reduce the retirement age to 63 from 65, ignoring that this will create a huge hole in the Social Security Fund, jeopardising the greatest social conquest since 1960, ignoring that pensions of our vulnerable citizens will be put at risk, and that actuarially we will automatically lead to an increase in contributions, burdening workers for the benefit of pensioners. Burdening the economy, since it will increase the cost of employment, resulting in fewer jobs and higher unemployment. We propose a holistic reform of the pension system, in an actuarial and sustainable way and the introduction of a second pillar in the private sector as well. [*]It promises the re-establishment of the Co-operative! It does not tell us where the billions needed for funds will be found, or the operating plan, unless it means that the state, the taxpaying citizen, will cover them, so that the strategic defaulters can borrow uncontrollably at the expense of the state and the taxpaying citizen, with a consequent increase in the public debt and the budget deficit. Worse still, its justification for the need to set it up is based on the logic of 'easy loans', ignoring European standards, modern strict supervisory requirements, and referring to the decades of uncontrolled lending and inadequate supervision that have cost the taxpayer several billion in losses, leading also to an increase in public debt. [*]It proposes the abolition of double taxation on fuel, ignoring that such a proposal is contrary to European legislation and is not feasible, a proposal that Germany also demanded from the European Commission but was rejected. He knows that the government has appealed to the European Commission, receiving an entirely negative response as expected. [*]He claims to have the "magic wand" to deal with the consequences of rising interest rates. He is possibly the only politician in Europe who is willing and able to reverse the policies of the European Monetary Authorities, and ignores the economic reasons for these policies such as lowering inflation and keeping prices down. It is obvious that both Mr Mavroyiannis and AKEL have not realised that the economic policies followed during the five years 2008-2012 were wrong and led the country to economic disaster, and they want to repeat them. [/LIST]
Either they are mocking us, or they have learned nothing regarding economic policy, remaining anchored in outdated and failed ideological dogmas, which in the rest of the European Union are a black past. The recipes they propose are the ones that led to the 2013 crisis, and will mathematically lead to both a new fiscal and a new banking crisis, leading to bankruptcies, income losses and rising unemployment.
(NΓ/IK)
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