Mr. Mario Draghi,President
As I have already stated in my letter to you
November 23, 2011,my Party, NeaDemokratia, is committed to the Stabilization Program's objectives and key policiesand to their successful implementation. The same holds,
course,for theMoU/MEFP, which was voted last Sunday by the Greek Parliament via a largemajority
In particular my Party is committed:• To promote competitiveness and growth, support the deep structuralreforms in the labor,product and service markets and the ambitiousprivatization plan under the program. The agreed adjustment
labormarket parameters,will hopefully give a strong upfront impetus topromote employment and economic activity. This is especially true for aneconomy already in deep recession for many years and whoseunemployment level is well over 20%.• To restore market confidence and fiscal sustainability, while protecting thevulnerable members
the population. We support upfront implementation
structural spending measures and continued efforts to control spendingand prevent arrears,already reaching 3%
GDP. Indeed, bold revenuereforms should deliver a fairer distribution
the tax burden and shouldstem tax evasion.• To help secure financial stability. We support the implementation
theprogram's comprehensive banking sector strategy, through strongerresolution and financial oversight framework and banks' recapitalizationplans, which are aimed both at ensuring the promotion
public interestand at respecting banks' business autonomy.We are obviously committed to a rapid implementation
the official sector and PSIfinancial strategy with our European partners. This will help Greece achieve itstargeted fiscal sustainability objectives and provide the necessary financing to supportour country's adjustment and reform efforts.
Demokratia wins the next election in Greece, we will remain committed to theProgram's objectives,targets and key policies as described in the MoU/MEFP.
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