FinMin Tsakalotos Says Deal on Greek Debt Will Clear Path for Investments
Wednesday, 05 October 2016
Finance Minister Euclid Tsakalotos said on Tuesday he believes Greece is in a good path on how to make Greek debt sustainable, noting that a solution will be found by the end of the year to clear the way for investments.
“I think we have reasonable hopes that by the end of the year we’ll have a solution which will create this clear path,” the minister said during a meeting of the parliament’s sub-committee on Greek debt and its reduction.
He said the short-term measures currently discussed by the European Stability Mechanism (ESM) and the country, the IMF and other countries who implemented an adjustment program concern what can and cannot be done, not so much in reducing debt, but in reducing the risk in managing it.