Stournaras: Greece cannot deal with another crisis with the lenders
Bank of Greece governor Yannis Stournaras gave a warning about the risk of Greece failing to reach an agreement with its lenders regarding a set of measures while Prime Minister Alexis Tsipras reiterated his government won’t yield to “unreasonable” demands for more pension cuts.
“The European Union is now much less prepared to deal with another Greek crisis due to refugee crisis, terrorist attacks, Brexit and the disagreements between European Commission and European Central Bank”, Stournaras wrote in an article published in Kathimerini newspaper adding that “A repeat of the 2015 confrontation entails risks that Greece’s economy may not be able to withstand this time”.
Referring to social security reform issue and farmers taxation, he said that these actions are necessary to be implemented in order to achieve the sustainability of the social security system and justice between social groups.
You may be interested
PM Mitsotakis: April will be a crucial month, if necessary, restrictions will be made tightermakis - Apr 01, 2020
Prime Minister Kyriakos Mitsotakis on Wednesday chaired a government video conference on the “Help at Home” programme for the support…
Italy may be on wrong path in fighting coronavirus contagion, Italian scientist saysPanos - Apr 01, 2020
Italy’s measures to halt coronavirus contagion do not seem to be working and it should change its strategy by setting…
Coronavirus could lead to breakup of Eurozone, EuroGroup head Centeno warnsPanos - Apr 01, 2020
The Finance Minister of Portugal and EuroGroup President Mario Centeno warned the 19 Eurozone Finance Ministers in letter that the…