Pappas says debt relief needed but questions IMF policies
Greece’s foreign lenders must wrap up the review of the country’s bailout program without introducing fresh austerity measures that would stifle economic recovery, State Minister Nikos Pappas said Wednesday, adding that completing the evaluation would open the way towards an agreement on debt relief.
“What we must do now is make sure that the review will be concluded without [imposing] measures that would eliminate existing signs of economic recovery,” Pappas said an interview with News 247 website published on Wednesday.
“Once this is done, then, as it has been agreed with our partners, we can have a sincere discussion on the issue of debt so that a final settlement can be reached,” he said.
“Debt restructuring is a way to revive the economy, not an excuse to destroy it with the IMF’s recipe,” the leftist minister said, suggesting that the time was ripe for the European Stability Mechanism to take over from the Washington-based institution.
“I believe Europe has the institutional depth to solve its economic problems its own way,” said the minister adding that the Fund had repeatedly failed Greece by making innacurate forecasts.
Meanwhile, IMF Manager Director Christine Lagarde pledged to negotiate “in good faith” with Greece’s leftist-led government despite the recent controversy over a leaked conversation between top IMF officials.
“We continue to be focused on addressing the Greek situation,” Lagarde told Bloomberg Television late Tuesday.
Bailout monitors are in Athens this week, negotiating with the government over a series of measures required for the disbursement of the next tranche of emergency loans.
You may be interested
Greece & France signed the Rafale agreement – A proposal is expected by Athens for French frigatesmakis - Jan 25, 2021
The agreement on Rafale fighters was sealed with the visit of the Minister of Defense of France to Athens, for…
Infectious Disease Committee ‘green light’ re-opening of high schools on February 1st – The measures from January 25thmakis - Jan 22, 2021
The experts of the Committee of the Ministry of Health gave the “green light” on Friday for the opening of…
EU teleconference Summit: Concerns over Covid-19 mutations and delay in vaccinesmakis - Jan 22, 2021
PM Mitsotakis’ proposal for a European vaccination certificate, which would facilitate travel without the need for a coronavirus test for…