The legislative act is the compulsory commitments of the cash reserves of municipalities, district authorities, pension funds and all public sector bodies, in order to meet State needs of the next few days” commented the President of PASOK Evangelos Venizelos, in response to the government’s legislative initiative.

Mr. Venizelos further argued that “we are unfortunately financially bankrupt as a country and the responsibility lies with the government , which has been burdening the country for the past three months”.

The PASOK leader accused the government of begging for funds from its European partners, in order to avoid a catastrophe and questions whether its approach is dignified and efficient.