“A well-prepared restructuring will essentially improve our situation,” Simitis told To Vima newspaper in an interview. “As long as it is being delayed, the debt which cannot be restructured gets bigger.”
Simitis, chief architect of Greece’s entry into the euro in 2001, was expelled from the Socialist PASOK parliamentary group in 2008 for publicly attacking party leader George Papandreou’s call for a referendum on the EU’s Lisbon Treaty.
“The next 15-20 years should be a period when we rebuild a stable economy with optimism and rejoin European developments and not a period of misery when we will be living at the mercy of the world economy’s wobbles,” Simitis added.
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
