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

9 February 2016
508 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

Covid-19 Greece – 566 new cases and 30 deaths on Tuesday
GREECE
shares10 views
GREECE
shares10 views

Covid-19 Greece – 566 new cases and 30 deaths on Tuesday

makis - Jan 20, 2021

The Greek authorities announced 566 new cases of the new coronavirus infection (COVID-19) Tuesday, of which 17 were identified after…

The award-winning Greek designer of Alfa Romeo
GREECE
shares16 views
GREECE
shares16 views

The award-winning Greek designer of Alfa Romeo

Panos - Jan 20, 2021

From the city of Kozani in Macedonia, Greece, to the world-renowned designing building of a global car manufacturer, Alfa Romeo,…

Impressive archaeological treasures found at Kasos (photos)
ART
shares13 views
ART
shares13 views

Impressive archaeological treasures found at Kasos (photos)

Panos - Jan 20, 2021

Impressive archaeological finds, including amphorae and pottery of various styles and eras, were discovered in shipwrecks found in the sea…

Leave a Comment

Your email address will not be published.