Stournaras: Greece cannot deal with another crisis with the lenders

3 January 2016
485 Views

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

Sports Tourism: Pakistan’s street cricketers bring game to life in Greece
GREECE
shares48 views
GREECE
shares48 views

Sports Tourism: Pakistan’s street cricketers bring game to life in Greece

Panos - Jul 19, 2019

In a barren Athens parking lot, young Pakistanis get in position for a game of cricket. On one end of…

Iran seizes foreign tanker, US vows to protect vital Gulf waterway
FINANCE
shares46 views
FINANCE
shares46 views

Iran seizes foreign tanker, US vows to protect vital Gulf waterway

Panos - Jul 19, 2019

Iran said on Thursday it had seized a foreign tanker smuggling fuel in the Gulf, and the U.S. military commander…

Margaritis Schinas will be the new Greek Commissioner
GREECE
shares39 views
GREECE
shares39 views

Margaritis Schinas will be the new Greek Commissioner

Panos - Jul 19, 2019

The person that the new Greek Prime Minister Kyriakos Mitsotakis will propose for the position of the Greek Commissioner is…

Leave a Comment

Your email address will not be published.