Taxpayers Association of Europe rejects aid for Greece

The Taxpayers Association of Europe supports EU Member States in not pledging any financial assistance to Greece. Greece has already received backing from its EU partners - the principle of solidarity.

Now the Greek government needs to show what it can do upfront and quickly demonstrate the first successes of consolidation. External financial assistance, in whatever form, would just be a temporary flash in the pan without any lasting effect, and as such, should be rejected. The structural problems of the country would not be resolved. These are things that Greece must tackle itself, without any financial liability to the European taxpayer. The EU Member States are therefore encouraged to continue to not act rashly and as such, put the necessary pressure on the Greek government to pursue and maintain a solid course in terms of financial and budgetary policies. Greece can only add to its own credibility. This would also be rewarded by the financial markets.

Friday, February 12, 2010