One of the ways the previous government used to inflate its budget surplus, and thus try to convince the country’s creditors that spending was finally being brought under control, was by underfunding public investment projects included in the budget.
In doing so, they were basically starving the economy of much-needed resources to boost growth.
As a consequence of this policy, the country failed to take advantage of plentiful money provided by the European Union for productive projects,…
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Source: ekathimerini.com