Troika sets veto in the reduction of industrial electricity cost

The troika does everything to credit to those who argue that it destroys the productive base of the country by plan.

While the Greek industry suffers, businesses are closing one after the other and feed back the unemployment, the government attempted to support the remaining industries in Greece, by reducing the cost of power for industries.

Practically, this effort is the last attempt to rescue the heavy industry in Greece, which is in terrible condition. The collapse in the domestic demand and export weakness , due to lack of competitiveness since the energy cost is half the cost of production , led to government to reduce the cost of industry power .

It is indicative, that the measure is one of the few that were not criticized and met consent of opposition parties. But now Troika gave another blow to the government but also to the tested Greek economy.

Mr.Stournaras and Mr. Chatzidakis, in a meeting with M. Mors surprised when Mr. Mors raised questions and demanded the revocation of the decision for an escalating reduce of industry power cost.

The surprise of Greek ministers peaked when they heard the representatives of lenders to use arguments in legal terms around European law.

They consider this measure as a clear form of State aid, which is illegal, violates the principles of free competition and contrary to European law.

Anxiety and frustration was caused to the government also, by the involvement of the EU Competition Commissioner, tragic Mr. Almunia , which is also harmonized with the troika and is expected to intervene in the same direction .

The evolution of troika to specialists on issues of European law shows that they came prepared and determined to eliminate, even before applied, a measure that tries to give breath to our heavy industry.

This is because it is more than possible that the next semester, the Greek steelworks will go beyond the shrinkage but also led to the closure.Already, Hellenic Steelwoks proceeded in group layoffs and plant closure in Aspropyrgos; the same time the historic Halyvourgiki poses permanent workers to availability. According to official data, apart the shrinking of Greek industry, this area has lost the last three years 40 % of jobs.

The veto imposed by the representatives of lenders, show that their goal is to eliminate any production base or infrastructure. Of course all this will pass into other hands and will be sold cheap.

It is very troubling though, the week attitude of the Greek government to the demands of creditors, especially as it has relevant examples from Europe, which are glaring cases of state aid.

Germany subsidizes more than 22 billion euro per year its industries, in order to develop renewable energy sources. Obviously troika considers that Germany excluding the rules of unfair competition and state aid should apply to everyone else, except it.

So does k.Almounia, which was hired in 2010 with the assent of Berlin. In Brussels, it is a common secret that Germany was always interested on the Commissioner of Competition post, taking care to place only people who enjoy its confidence (the previous commissioner was. .....'' Italian'' Papademos, Mr.Mario Monty.