Fin Min Tsakalotos: The Real Problem Is Lack of Generosity Towards Debt Relief From Some Member States




“The Greek economy that has recorded, for third consecutive quarter, positive growth rates needs a clear corridor for the next years,” said Finance Minister Euclid Tsakalotos in an interview with Efimerida ton Syntakton newspaper on Friday.

“An agreement in January will allow us to enter in the quantitative easing program and to avoid getting into a new circle of uncertainty,” he added.

He said that Prime Minister Alexis Tsipras’ announcements on the Christmas bonus to the pensioners with low-income is not the real problem in the negotiation with the institutions, the real problem is that some member states do not want to be “generous” with the debt relief.

However, he claims that “of course there can be an agreement” without IMF’s participation in the Greek program noting that “on its part the IMF should have the courage to state clearly its position and to really press towards the relief of the Greek debt and to not have unreasonable demands based on arbitrary calculations.”

He said that a two-speed euro is not a realistic scenario claiming that without “a more democratic and social solution the euro is at stake.”

Tsakalotos said that in January’s Eurogroup the government hopes the three pillars of the current negotiation concludes which are the reforms and the fiscal gap within the program, the course of the primary surpluses after the end of the program and the mid-term and long-term measures for the debt.

Source: ANA-MPA