Another round of inexpensive promises and economic acrobatics has been made by Nikos Androulakis, calling for an extraordinary taxation of banks.
With a recipe of “there are” but in new packaging, Nikos Androulakis met with the Union of Greek Banks to announce that the PASOK has decided to become the new market tier.
Nikos Androulakis, in an attempt to recall the worse days of statism, proposed an arbitrary additional 8% tax, while government of Kyriakos Mitsotakis has managed to restore market confidence and shield the banking system, away from the adventures of the past.
Androulakis, after describing himself as a “logical party” –probably to convince himself first – has attempted to present himself as a protector of society from the “oligopolies”, at the same time that international agencies are upgrading the Greek economy thanks to the reforms of New Democracy.
PASOK is asking for €370 million through an extraordinary levy, ignoring that the stability of the tax system is one of the reasons the country is attracting investment.
It is obvious that PASOK, seeing the Mitsotakis government leading the country to the lowest unemployment rate in 17 years, is again resorting to the easy solution of business targeting.
Mr Androulakis spoke of a “Belle Époque” of European resources, but it seems that he is living in his own era, the one when politicians believed that the economy was driven by decrees and punitive taxes. Fortunately for the country, there is a government at the helm that opts for realism rather than the outdated ideas of the past.
