Browse through our Interesting Nodes on Business, Finance & Law in Cyprus A)? GHT="50">
Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Tuesday, 23 April 2019
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

Athens Macedonian News Agency: News in English, 14-10-19

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] FinMin Hardouvelis: The biggest problem for the Greek economy is the political climate and the uncertainty

  • [01] FinMin Hardouvelis: The biggest problem for the Greek economy is the political climate and the uncertainty

    Finance Minister Gikas Hardouvelis referred to the change of Greece's relationship with the IMF, the increase of the spreads, his relation with Prime Minister Antonis Samaras as well as with Bank of Greece's (BoG) governor and former finance minister Yannis Stournaras, in an interview with Sunday newspaper Realnews.

    Hardouvelis underlined that "the political climate and the uncertainty is the biggest problem for the Greek economy and for the negotiation. I can't believe that political forces that deliberately do not want us to finish with the memorandum exist".

    On the early elections issue, Hardouvelis stressed "We are at a very fragile point of balance. The dynamic that is developing in the economic field demands political stability. It is not difficult, if we make the wrong choices, to lose in a few months what we have gained in the last years".

    He called his relationship with Samaras effective and exceptional while regarding his relationship with Stournaras he called it "stable and long lasting "I respect his efforts to avoid the country's economic derailment. Now we have to work all together in order to meet the fiscal targets and even more. To upgrade the Greek people's standard of living.

    On the spreads' increase he opined that "they increased everywhere and even more than in Greece. The reasons are not only Greek but also European. Greece is one step before the end of the financial adjustment programme and this is a source of uncertainty on what will follow, which will be our relation with, our up to now, official lenders. This uncertainty was expressed. The market will recover when the reasons for the uncertainty will no longer exist".

    Referring to Greece's relation with the IMF, Hardouvelis said that there was "a change in our relationship. It is not a divorce. IMF will be there for us but as an observer without any supervising authority.


    Athens News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright 1995-2016 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    ana2html v2.01 run on Sunday, 19 October 2014 - 12:38:06 UTC