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
US Vice-President to Tsipras: Make reforms that will bring investmentsPanos - Oct 19, 2017
Prime Minister Alexis Tsipras met US Vice President Mike Pence in the White House on Wednesday. After the meeting, Mr.…
Arrivals surge on Greek islands despite EU-Turkey dealPanos - Oct 19, 2017
With Turkey being one of the items on the agenda of the EU summit starting on Thursday (19 October), AFP…
Weinsteingate: an explosive cocktail of sex and powerPanos - Oct 19, 2017
Allegations against Harvey Weinstein have sparked an international scandal. The Hollywood producer is accused of sexual assault and rape by…