Third Memorandum 'Only Path to Growth', Parliament Budget Office Says

Third Memorandum 'Only Path to Growth', Parliament Budget Office Says

“The third memorandum must succeed. There is no other way to return to growth.” This was the message of a second quarter economic report by the Budget Office of the Greek Parliament released on Wednesday. The report, coordinated by professor Panagiotis Lairgovas, stressed that “there are no better solutions for growth than the implementation of the new memorandum”.
They noted, however, that a series of crucial decisions were still pending over the next few months until the November 2015 review. “These are decisions in extremely sensitive sectors which will most likely create new turbulenece,” the report said, noting that the next months will bring the government and the opposition parties to new tests, referring to changes in the labour market.


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