Greece is Exiting the Memorandum, Govt Spokeswoman Says



voultepsiGreece is close to exiting the Memorandum of Economic and Financial Policies signed with the International Monetary Fund (IMF) and this will not have an impact on fiscal figures or increase the debt and the deficit, government spokeswoman Sofia Voultepsi said earlier today to Greek TV station “ANT1.” While keeping a low profile regarding the ongoing negotiations with the IMF, Voultepsi appeared optimistic, arguing at the same time that Greece should avoid sending the message to the markets that its economy is returning to the troubled condition it was during the previous years.

“We have to continue with our own program, which will not be the program of close monitoring that we have had until now. We are not talking about a disorderly situation. We are talking about a situation that meets the market’s needs. We should not send a message abroad and to the markets that Greece is returning to the previous situation. We must not backslide,” she said, adding that tax breaks are in the governmental agenda.

This was the first official statement made by a cabinet member following yesterday’s meeting between Greek Finance Minister Gikas Hardouvelis and IMF Managing Director Christine Lagarde in Washington D.C.