Tsakalotos: If the review does not conclude in February we are in trouble”

9 February 2016
526 Views

The Minister of Finances Euclid Tsakalotos issued a warning on Monday regarding the Geek bailout program review, arguing that it must conclude by the end of February, otherwise Greece will be “in trouble” if it carries on into May or June.

Mr. Tsakalotos appeared before the economic affairs committee in Parliament on Monday and explained the problems that have emerged in the negotiations with the institutions, while stressing the tight time table and deadlines to complete the review. Unless the review concludes, the talks on debt relief will not begin.

According to the Finance Minister, the institutions agree with the “architecture of Greek proposals”, but disagree on some of the figures. As such, he noted, the government must convince that the goals and targets can be met. Mr. Tsakalotos added that there will be only two weeks to complete the review after the institutions return to Athens, otherwise the economy will remain trapped in a vicious cycle.

Finally, the Minister of Finances stated that the planned changes in employment are not a prerequisite to complete the first bailout program review and estimated that the “reform fatigue” in Greek society is “justified”.

You may be interested

BBC: The last speakers of Ancient Sparta
GREECE
shares39 views
GREECE
shares39 views

BBC: The last speakers of Ancient Sparta

Panos - Feb 26, 2021

As you enter the mountainous village of Pera Melana in Greece’s southern Peloponnese peninsula, you’re likely to hear the roar of…

Coronavirus Greece: 1,784 new cases, 367 intubated, 39 deaths
GREECE
shares57 views
GREECE
shares57 views

Coronavirus Greece: 1,784 new cases, 367 intubated, 39 deaths

Panos - Feb 26, 2021

Greece announced today that the new laboratory confirmed cases of the disease recorded in the last 24 hours are 1,784, of…

60% of Greeks say they feel worse due to Covid-19 lockdown
GREECE
shares47 views
GREECE
shares47 views

60% of Greeks say they feel worse due to Covid-19 lockdown

Panos - Feb 26, 2021

Greeks say their daily lives have become worse after a year of experiencing the Covid-19 lockdown measures. A survey conducted by Focus…

Leave a Comment

Your email address will not be published.