Greece’s Finance Minister Euclid Tsakalotos said on Monday that a deal on the country’s debt must be reached as quickly as possible, since any delays would postpone important decisions for Greece’s economy.
He warned against “returning to the solutions given until now,” and outlined a road map for resolving the issue by March 2016.
The three steps toward this, according to Tsakalotos, were the recapitalisation of Greek banks, successfully concluding the first review of the bailout programme, and an overall discussion on the debt. In March 2016, the government will be ready to present its growth plan and its strategy for completing the three steps of the road map and “passing from a vicious circle to a virtuous circle,” he said.
The minister was speaking at the American-Hellenic Chamber of Commerce’s 26th annual “The Greek Economy Conference” on “Investment and Growth: Building a National Plan.”