Greek economy minister sees second review wrapped up by end-November

1 November 2016
609 Views

Economy Minister Giorgos Stathakis appeared confident on Tuesday that Greece would wrap up the second bailout review by international creditors by the end of the month, adding that he does not foresee additional measures in the future.

Speaking on Real FM, Stathakis said that “the first week of negotiations went very well. The issues have been defined and areas where there is convergence and those where further negotiation is required have been identified. I believe that the second review will reasonably close within the given timeline, by the end of November.”

Stathakis said that the Greek side and lenders are “very close to an agreement” on the issue of an out-of-court mechanism allowing overindebted companies to settle their arrears to banks and the state, which would wrap up the issue of nonperforming loans.

The minister assured that “all fiscal measures through 2018 have already been passed, so there is no question of additional measures,” adding that the government is hitting all the targets set out for 2016 and 2017.

Asked to respond to a quarterly report published by Parliament’s Budget Office on Monday which suggested that estimates of growth of 2.7 percent of GDP in 2017 are over-ambitious, Stathakis responded that he believed the report’s findings to be exaggerated.

“We have to wait and see,” the minister said. “We already have two positive quarters in 2016 and we believe that the last quarter will also be in positive territory.”

You may be interested

Greek Archbishop Ieronymos: Islam is not a religion but a political ideology of conquest
GREECE
shares10 views
GREECE
shares10 views

Greek Archbishop Ieronymos: Islam is not a religion but a political ideology of conquest

Panos - Jan 18, 2021

Archbishop of Athens and All Greece Ieronymos II expressed the view that Islam and its citizens, was not a religion,…

Nikos Dendias: Only matters Greece will discuss with Turkey is EOZ and sea-shelf
DEFENCE
shares10 views
DEFENCE
shares10 views

Nikos Dendias: Only matters Greece will discuss with Turkey is EOZ and sea-shelf

Panos - Jan 18, 2021

Foreign Affairs Minister Nikos Dendias made it clear that the only issue Greece would discuss with Turkey in the upcoming exploratory…

Video – This is the upgraded F-16 Viper of the Hellenic Air Force
DEFENCE
shares21 views
DEFENCE
shares21 views

Video – This is the upgraded F-16 Viper of the Hellenic Air Force

Panos - Jan 18, 2021

The latest variant of the F-16 Fighting Falcon fourth-generation, the F-16V or Viper made its maiden flight at the Tanagra air base…

Leave a Comment

Your email address will not be published.