Prime Minister of Greece expects that the recapitalization of banks will be finished till the end of the year and then begin a discussion of the national debt. In the country plans a return to markets funding announced for 2017.
ATHENS, 8 Oct. Gennady Melnik. Prime Minister of Greece Alexis Tsipras expects that lenders will complete a first assessment of the reform program before the end of November, and in 2017 Athens will be able to enter the financial markets.
“Our first goal is to complete the first assessment by the end of November to the end of the year to complete the recapitalization of banks and to start a discussion of the national debt. These are the conditions to return to growth in 2016, to restore long-term economy. We strive in 2017 to return to the financing markets,” said Tsipras, concluding the debate in Parliament on policy statements of the Cabinet of Ministers.
According to him, the financial markets, Greece must come with a stable economy and low interest rates.
“The markets know that it is not going borrowers with high debt and without a confirmed surplus (budget). Will not be released to the markets when the country’s financial needs are high, the level of competitiveness is low, when disturbed social cohesion,” said Tsipras.
After the Prime Minister’s speech, the Greek Parliament will vote on the question of confidence in the government. The vote of confidence necessary for the government to start working — it must prove that it has enough votes for their bills.