Former Minister of Finance Gikas Hardouvelis makes criticism on governments so far actions and stresses that the bills announced to be tabled next week create great losses in states revenue.

Mr. Hardouvelis did the maths and according to him, due to revenue loss of the months January-February (1 billion in each month), the government immediately starts with a 2 billion “hole”. Adding to that another 2 billion from announcing the tax free at 12.000 euro and even another 2.65 billion euro more from ENFIA. Overall, the budget gap currently stands at 6.65 billion euro, according to what the former Minister said.

Furthermore, Mr. Hardouvelis while commenting on the deal for the four month extension stated that “Signing an extension is the same as signing a memorandum”, while added that “Lenders have Greece talk big for signing memorandum rules”.