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Athens Macedonian News Agency: News in English, 15-02-10
CONTENTS
[01] Lazard Paris head Pigasse says troika 'all wrong' on Greece
[01] Lazard Paris head Pigasse says troika 'all wrong' on Greece
ANA/MPA---Matthieu Pigasse, head of investment bank Lazard in Paris
which is advising the Greek government on its debt restructuring,
said on Tuesday the troika imposing austerity on Greece was totally
mistaken and had driven the country's economy into a wall, Reuters news
agency reported.
"I think that the policies conducted by the troika (International Monetary
Fund, European Central Bank and European Commission) are mistaken and have
driven Greece into a wall and may yet drive Europe into a wall," Pigasse
told France Inter radio. "Yes I think the troika had it all wrong."
Pigasse also repeated that a restructuring of Greek debt was inevitable
and that the country's total debt load should be reduced by some 100
billion euros to allow it to return to an "acceptable" debt to GDP ratio.
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