Tuesday

28th Mar 2017

Tsipras’ economic policy architect resigns

  • Giannis Milios is one of the main architect of Syriza's economic policies. (Photo: thierry ehrmann)

Giannis Milios, a member of Syriza’s central committee and long time economic advisor to Greek prime minister Alexis Tsipras, resigned Wednesday (18 March), on the eve of a crucial EU meeting in Brussels.

"Economic department, farewell. With gratitude for the regards, the comradeship and trust," Milios wrote on his Twitter account, giving no further explanation.

Dear EUobserver reader

Subscribe now for unrestricted access to EUobserver.

Sign up for 30 days' free trial, no obligation. Full subscription only 15 € / month or 150 € / year.

  1. Unlimited access on desktop and mobile
  2. All premium articles, analysis, commentary and investigations
  3. EUobserver archives

EUobserver is the only independent news media covering EU affairs in Brussels and all 28 member states.

♡ We value your support.

If you already have an account click here to login.

A professor of economic policy who defines himself as a Marxist, Milios is considered one of the most loyal members of the left-wing party.

His resignation is being seen a sign of a rift inside Syriza and the government about the deal Tsipras will try to broker with EU leaders in Brussels on Thursday and in Berlin with German Chancellor Angela Merkel on Monday (23 February).

Greece is currently locked in a political tussle with its euro partners over what reforms it needs to undertake in return for the next tranche of bailout money being released.

During the last election campaign, Milios suggested that Greece will not meet its debt repayment if a Syriza government did not find an agreement with Greece’s Eurozone partners.

Early March, he co-wrote with two other Syriza economists a very critical analysis of the 20 February agreement with the Eurogroup.

"It is clear that the new agreement is a truce, but truce is by no means a tie. The agreement is a first step on slippery ground," wrote Milios in the piece, whose title was "Syriza’s only choice: a radical leap forward".

"The question that remains open is whether the government will insist on superficially presenting the result of the negotiation as a 'victory', disregarding all the critical issues that emerged, or will attempt to analyse in depth the conditions and the consequences of the retreat as long as there is still time," added the analysis.

Milios and the other two economists then advised the government to "bring back [instead] on the agenda our programmatic commitments to redistribute income and power in favour of labour, to re-found the welfare state, for democracy and participation in decision-making."

Milios announced his resignation hours after the Greek parliament voted in a so-called humanitarian crisis bill providing free electricity and food stamps to the poorest people.

He had been a strong advocate of the bill, which prompted a negative reaction from the European commission technical team in Greece.

Dijsselbloem: Greece might need capital controls

Greece could be forced to resort to Cypriot-style capital controls in a bid to prevent depositors taking their money out of the country, the chairman of the Eurogroup has warned.

Bulgaria's election test

Sunday's general elections will be a test for the country's relations with the EU, Russia, and Turkey, as well as for the political future of former leader Borisov.

Terror attack shuts down UK parliament

[Updated] Westminster, and its surrounding areas, has been sealed off after a car drove into several people and one policeman was stabbed. At least three people have been killed.

Stakeholders' Highlights

  1. Belgrade Security ForumCall for Papers: European Union as a Global Crisis Manager - Deadline 30 April
  2. European Gaming & Betting Association60 Years Rome Treaty – 60 Years Building an Internal Market
  3. Malta EU 2017New EU Rules to Prevent Terrorism and Give More Rights to Victims Approved
  4. European Jewish Congress"Extremists Still Have Ability and Motivation to Murder in Europe" Says EJC President
  5. European Gaming & Betting AssociationAudiovisual Media Services Directive to Exclude Minors from Gambling Ads
  6. ILGA-EuropeTime for a Reality Check on International Day for the Elimination of Racial Discrimination
  7. UNICEFHuman Cost to Refugee and Migrant Children Mounts Up One Year After EU-Turkey Deal
  8. Malta EU 2017Council Adopts New Rules to Improve Safety of Medical Devices
  9. Nordic Council of MinistersNordic Energy Research: How to Reach 100 Percent Renewable Energy
  10. Party of European SocialistsWe Must Renew Europe for All Europeans
  11. MEP Tomáš ZdechovskýThe European Commission Has Failed in Its Fight Against Food Waste
  12. ILGA-EuropeEP Recognises Discrimination Faced by Trans & Intersex People