“Greece’s economy, which will present positive growth rates for a third consecutive quarter, needs a clear passage for the years to follow. This is why an agreement in January will allow us to be included in the quantitative easing (QE) program, preventing a new cycle of uncertainty”, said Greek Finance Minister Euclid Tsakalotos in an interview with “Efimerida ton Syntakton” newspaper.
FM Tsakalotos also argued that an agreement is possible even without the IMF’s participation in Greece’s bailout program. Referring to the stance of his German counterpart Wolfgang Schäuble, he stressed that the democratic deficit endangers euro, which reminds him of the old English saying: “Be careful what you wish for”. A two-tier euro system is not a realistic scenario, he said adding, “Without a more democratic and socially fair solution, the euro is in danger”.
When asked about the government’s benchmark regarding the completion of the second bailout program review, Mr. Tsakalotos expressed his estimation that the negotiation will be concluded at the Eurogroup of January 26th.
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