Greece to Put Forth Debt Restructuring Issue at Eurogroup Meeting, FinMin Says

Greece to Put Forth Debt Restructuring Issue at Eurogroup Meeting, FinMin Says

Greece will put forth the question of starting talks on the restructuring of its debt at the next Eurogroup meeting scheduled for May 5, Finance Minister Yannis Stournaras said, as quoted by the Athens News Agency-Macedonian Press Agency.
Greece has been eliminating a triangle of deficits - fiscal, productive, competitiveness - and supporting the knowledge triangle - education, research, innovation, Stournaras said, adding, "The Economic Adjustment Program is bringing positive results. The road map of the Greek economy will be proper fiscal management and healthy growth initiatives focusing on a new export-orientated and sustainable growth model."
He stressed that the Greek economy has untapped potential and offers business opportunities both in the medium-term and in the long-term.
"There is no doubt that much has yet to be done mainly on a structural reform level. These reforms will be accompanied by increased growth rates. In any case, only a few people, both inside and outside the country, expected that Greece could restore so quickly the basic fiscal imbalances and that a competitiveness deficit could develop into an investment destination so soon," Stournaras said.

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