Friday, June 15, 2012
Greece Squeezes Election Costs
Wall Street Journal
June 15, 2012
Greece’s economic crisis has taken its toll even on the cost of running national elections. But it seems that the country’s consecutive polls have helped make the state more flexible and efficient.
The good news coming Friday from the crisis-battered country is that the state is going to spend 30% less on the second round of elections than it did in a first round just over a month ago, according to government spokesman Dimitris Tsiodras.
The cost of running Greece’s inconclusive May 6 poll was €70.4 million, while this Sunday’s vote is only expected to set the state back €47.9 million, according to a finance ministry statement.
And even as Greece’s political leaders struggle to identify spending cuts they must take in the months ahead, the interim technocrat government appears to have come up with a series of cost-effective measures all on its own.