Greek Prime Minister does not rule out that Greece may need a third package of Aid
The Greek Prime Minister Papadimos Lukas said that although Greece “work hard” maybe you will need a third package of aid, in an interview published today by the Italian financial newspaper “Il Sole 24 Ore.”
“Greece will do everything possible to not need a third adjustment program. All depends on the speed and efficiency with which it will implement the current program. Nevertheless, Greece may still not have access to the market even if all measures, “the prime minister.
So Papadimos stressed that “one can not rule out other forms of financial assistance may be necessary,” but added that work “hard to avoid this possibility.”
Former Vice President of European Central Bank also argued in the interview that Greece in the last two years has made significant progress and the deficit of GDP has fallen more than 8%, but also admitted that the reforms “have not always been effective and expeditious such as the liberalization of the professions that has been adopted only partially retarded “and” the fight against tax evasion has been limited. ”
Papadimos, elected prime minister in November, said that Greece will remain in the euro and the Greeks are so inclined.
“70 percent of the Greeks continues to support being in the euro area and understand that in spite of the sacrifices the long-term benefits will outweigh the current costs,” he added.
Regarding the general elections scheduled for May, Papadimos said “the strong will of the Greek people to transform the economy and strengthen the country’s position in the euro, as shown by the polls, will be reflected in the outcome of the elections”.
Responding to the question if you think the worst is over, the prime minister explained that “the real economy is still weak and the time is recorded by high unemployment” and now reach a “difficult phase” that must be faced “very carefully”.
Category: Mutual Funds
