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Athens Macedonian News Agency: News in English, 16-01-03
CONTENTS
[01] 2016 will be a milestone for the Greek economy, Alternate FinMin
Chouliarakis says
[01] 2016 will be a milestone for the Greek economy, Alternate FinMin
Chouliarakis says
2016 will be a milestone for the Greek economy as suffocating austerity
measures will be lifted and a sustainable recovery will begin, Alternate
Finance Minister George Chouliarakis on Sunday said in an interview with
"To Vima" newspaper.
According to Chouliarakis, the recovery is expected in summer after
liquidity has returned to normal levels and confidence has been restored
and these will result from the lifting of capital controls - at the end
of the first half - and the management of the public debt.
The programme for the exit of the economy from the crisis will be
implemented step by step, he said, starting with the tough round of
negotiations on the social security reforms and savings of 1.8 billion
euros from the system.
The social security reforms and the fulfillment of the budgetary targets,
without new measures, "are prior actions for the conclusion of the
evaluation", which will be accompanied by lower borrowing costs of the
banks, the disbursement of 2 billion euros and the beginning of the
debate on debt restructuring.
Asked on the medium-term fiscal policy framework 2017-2020, he replied
that the intention of the government is to link a balanced budget with
the economic recovery, in a socially fair way that will redistribute the
adaptation cost and the benefits of the upcoming recovery in favor of
the socially vulnerable. "This is a great challenge for a left government
amid a crisis," he added.
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