Reuters had this report last week on the independent Budget overview committee set up for Greece and the abrupt resignation of its head/
“The chief of an independent Greek budget committee resigned on Thursday after the country’s finance minister attacked the group for saying debt dynamics were ‘out of control‘, sources said. The resignation may further complicate debt-choked Greece’s already difficult negotiations with its international lenders about the disbursement of further aid tranches under a 110 billion euro ($156 bln) rescue package agreed last year.
The parliamentary experts’ committee, headed by economist Stella-Savva Balfousia, said on Wednesday that Greece’s debt dynamics were out of control and that the government was failing to restore public finances. The committee also urged the government to redouble efforts to fight tax evasion and reduce primary deficits, in view of a recession that was worse than expected – a demand also likely to be made by the inspectors from the European Union and International Monetary Fund currently in Athens.
Finance Minister Evangelos Venizelos on Thursday scathingly attacked the committee. "Yesterday’s report lacks elements of credibility of other international reports," he said in a statement. "All necessary measures will be taken to upgrade and improve the credibility of the committee," he added. Balfousia stepped down later on Thursday after Venizelos’s comments, parliamentary and top government sources said. "She has submitted her resignation to the parliament speaker," one official said.
This might all be fairly amusing were Britain not financing the Greek economy through the EFSM.
It is even less acceptable when recalling that the Coalition Government, and its Labour predecessor, were and are fully aware that such transfers are illegal under the international EU Treaties by which we as a nation are bound!
Why are out Constitutional protective provisions not functioning?