NEWS

No fund available to Greece should go to waste, and must provide greatest possible social benefit

No fund available to Greece should go to waste, and must provide greatest possible social benefit

The plan that SYRIZA-Progressive Alliance leader Alexis Tsipras unveiled at the Thessaloniki International Fair earlier in September "will ensure that no fund available to Greece goes to waste, but also that all funding has the greatest possible social impact," MP Alexis Charitsis said on Sunday.

Charitsis, responsible at the party for development issues, said that "reclaiming state control of the Public Power Corporation is a step towards the future," and added that "increasing state participation in a business is absolutely feasible."

The Syriza MP and former minister said that "there are two opposing strategies: one is focused on prices on the stock exchange monitors and on shareholders' profits, and the other focuses on social benefit and the Greek economy's development prospects." Charitsis said that the highest profit margin in energy production will bring an immediate reduction in pricing, reducing domestic profiteering, while the price cap - in either wholesale or retail price - can absorb the increase of global rates. "These two measures do not simply benefit energy consumers, but through the reduction of pricelists in energy, they restrict price hikes in the entire economic cycle," he noted.

The reverse of the policy of the Mitsotakis government - under which subsidies relate to a private club of large business interests, he said - is what Syriza proposes, to support the Development Bank through the Recovery Fund, in order to provide loans and strongly support small and medium-sized enterprises, farmers, and dynamic new and developing sectors of the Greek economy.