Greek deputy PM Yannis Dragasakis with comments published this morning 14 May 2016
- Greece wants a debt relief deal which will help the country access debt markets in 2017 and allow for sustainable primary budget surpluses
- debt relied deal should also include a "road map" which will spell out future moves.
Reuters reporting that Dragasakis told the Naftemporiki newspaper:
"The (Greek) government is seeking a solution which will fulfill specific criteria, among those is the criterion of economic viability.The arrangement should facilitate Greece's exit to the debt markets within next year."
He added that a conclusion of the reform review would lead to the ECB reinstating its waiver for Greek banks and including Greece into its QE programme'
"I estimate that a total of 9-12 billion euros could come into the real economy within 2016, which along with other factors will help economic recovery"
Yesterday I reported comments from Greek central bank gov Stournaras along a similar theme.
Some progress seems to have been made in talks this week but issues remain and the sorry saga continues. Now where did I leave that pic for these posts. Ah, here it is.
Have a great week-end everyone, and thanks again for your support and input.
