AP reports from Athens that, Greece’s central bank governor on Thursday said, angering the country’s government, he would welcome a precautionary credit line from bailout lenders after the international rescue program officially ends in August.
Bank of Greece governor Yannis Stournaras noted in a report that a contingency credit scheme could have a “supportive effect” on the Greek economy.
His remarks rekindled spat between Stournaras and the left-wing government which has promised a “clean exit” from the bailout and a full return to markets, after eight painful years of rescue programs.
He served as finance minister under the previous conservative-led government.
A government official on Thursday reacted angrily to Stournaras’ suggestion.
“Just because a failed finance minister from a failed government had favored a credit line instead of a return to markets, does not mean that a successful government can do things better,” he stressed, asking not to be named pending official comment.
The spat broke as Greece heads into the final year of the bailout, under pressure from creditors to resolve a long list of outstanding problems over the next few months.
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Source: thenationalherald.com
