Stathakis: The Greek debt is only sustainable until 2022

The Minister of Economy Giorgos Stathakis announced that the Greek public debt is only sustainable until 2022, after which point a new round of talks with the country’s creditors will be needed.

Mr. Stathakis, who made the comment at a Greek-German forum in Berlin, added that the business climate in Greece is improving on a daily basis.

The Greek Minister also repeated the Prime Minister’s claim that the critical bailout review will conclude by the 22nd of April, with the pension and tax reforms to be tabled in the Greek Parliament soon after.

Finally, Mr. Stathakis stressed that the initial goal of generating 50 billion euros from privatizations was not ‘realistic’ and that the revised goal of 15 billion euros may also be reduced.