Greece’s Economy Minister Dimitri Papadimitriou on Friday dismissed a most recent recommendation by the Bank of Greece (BoG) – which the government has directly attributed to influential central banker Yannis Stournaras – that the country should seek a “precautionary” support program after the current bailout ends in August 2018.
“We’ll exit the strict supervision (of the current memorandum) with a clean exit,” was the phrase used by the previously US-based Papadimitriou, in comments to a SYRIZA-party affiliated radio station in the Greek capital.
“We don’t have the problem that Mr. Stournaras thinks we have … that we need a precautionary credit line,” he continued.
Papadimitriou, an acclaimed economics professor at a prestigious New York state university before delving into politics in his native Greece with radical leftist SYRIZA, cited what he called a successful recent bond swap involving PSI-era debt and a foray into international sovereign markets by the Tsipras government last July.
He also said the country’s upgrading by credit ratings firms records confidence in the country by markets and investors.
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Photo Source: Wikimedia Commons Copyright: Tilemahos Efthimiadis License: CC-BY-SA
Source: naftemporiki.gr
