Skip to main content

SUGGESTION TO THE EUROPEAN COMMISSION PRESIDENT 2011

SUGGESTION TO THE EUROPEAN COMMISSION PRESIDENT


To:               The Right Honorable European Commission President

From:            Athinarayanan Sanjeevraja

RE:               Greece Crisis

Suggestions.

Good Morning Mr. President. I am writing to express that Greece must continue on the path of austerity. When I wrote to the Greece Finance Minister two weeks back, I recommended that greater reform efforts, above all on the privatization front, voluntary buyback of the Greek bonds, spiced with a partial guarantee from the EFSF, insurance of new bonds covered by premiums to the ESFS. I have been saying till the beginning of the crisis EU should provide security to Greece so that confidence returns to the economy. But EU always failed to do it.

The proposed austerity targets are realistic. For instance, look at the achievement of Estonia, Latvia and Lithuania which experienced GDP contraction of 20% and had  similar levels of unemployment. With strict policies of internal devaluation and fiscal discipline, taxes were increased and public sector wages were cut by around 30% and more so in the private sector where labor is more flexible. Look at the achievement of those countries in 2009 and 2010. Those countries were turnaround from the crisis with strict policy measures. Hence I wrote to the Greece Finance Minister since 2010 a refurbished economic structure is essential to restore growth and competitiveness along with an austerity drive to restore Greece economy on track.

Greece looks to EU for good guidance, I hope that EU will not let the country down. If Greece would defaulted it is not a failure of Greece, It is failure of the EU.

Thank you very much for your kind attention to this issue Mr. President.

Sincerely,

Athinarayanan Sanjeevraja

   


Comments

Popular posts from this blog

THANK YOU NOTE TO FORMER CHIEF JUSTICE OF INDIA DR A S ANAND

To: The Hon’ble   Dr. Justice A.S. Anand, Former Chief Justice of   India & Empowered Committee Chairman From: Athinarayanan Sanjeevraja Date: Wednesday, July 25, 2012 RE: Thank you and the members of Empowered Committee and the five judge constitution Bench of Supreme Court Judges.   My lord, please accept my heartfelt thank you and the members of Empowered Committee and the five judge constitution bench of Supreme Court Judges on behalf of myself and all of the people in Tamilnadu for saving lakhs of farmers in the southern districts of Tamilnadu and the fine report you made. I wish you continued success in what you are doing my lord. The completion of the remaining judgement on Mullaperiyar will require Dharma. Every judgement should apply Dharma. Dharma should not be destroyed in any of our judgement. My lord, As you knew that “ according to lease agreement indenture granted full right, power and liberty to the Tamilnadu to construct make...

ISRAEL-IRAN-SYRIA CONFLICTS

To: The Right Honourable Israel Prime Minister Mr. Benjamin Netanyahu, From: Athinarayanan Sanjeevraja Date: May 09, 2018 RE: Israel – Iran – Syria Conflicts Suggestion The Honourable Prime Minister Mr. Benjamin Netanyahu, I am writing this letter to you on Israel air strike in Syria yesterday. You are trying to do everything possible to stop Iranian bases in Syria. Do you believe that Iran is building permanent bases inside Syria or close to Israel? How much land has Iran captured or taken from Syria? My answer is none. But you are openly threatened Iran.   Let me put it very clearly to you, there are no winners with war but losers are there. I agreed that you have strongest military force on earth. You could easily arrange a favourable peace treaty with Syria and Iran but you don’t want to negotiate with the Syria and Iran. Israel could not exist as a permanent aggressor without US. It is my humble request you to negotiate peace treaty with Syria and Ir...

Nagorno-Karabakh conflict

To put things into perspective, Nagorno-Karabakh is not an independent entity but an occupied territory of the Azerbaijan Republic and is recognised by the international community and the UN. The fact that the Armenian Prime Minister's son is doing his military service in the Armenian army located in Azerbaijan's Nagorno-Karabakh and started an undeclared war against Azerbaijan, occupied Nagorno-Karabakh and 7 adjacent regions of Azerbaijan, and massacred and forcefully deported Azerbaijani aborigines was the main reason for the lack of peace in the region. The laws of armed conflict failed to protect the Nagorno-Karabakh civilian population, individual civilians, and civilian property. The laws of armed conflict failed to discriminate between those taking parts in the fighting in Nagorno-Karabakh. The laws of armed conflict failed to protect the environment as war causes severe or long term damage to the environment. The fact here is that there is a number of international doc...