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Athens Macedonian News Agency: News in English, 16-12-05
CONTENTS
[01] Tsakalotos: Good development that short-term measures on debt will
be implemented now
[01] Tsakalotos: Good development that short-term measures on debt will
be implemented now
BRUSSELS (ANA/C. Vasilaki) - The short-term measures on debt relief
for Greece will be implemented immediately and are more ambitious than
initially expected, Finance Minister Euclid Tsakalotos said on Monday
after the end of the Eurogroup meeting in Brussels.
"Everyone confirmed that important progress has been made," the minister
said, adding that the other positive result concerns the fact that
the short-term measures for debt relief will start being implemented
now. Tsakalotos also noted ESM's Klaus Regling comment that the debt
measures will have a 20 percent impact on the debt to GDP ratio by
2060. "This is very good and will start helping the Greek economy
immediately."
"Talks for the achievement of a staff-level agreement will continue. The
framework in which they will continue is that Greece is returning to
growth, as we have positive growth rates in the second trimester and
we expect the same in the third. With this we expect we will have an
overall positive effect," he said.
Commenting on the second program review, Tsakalotos said progress is
being made, as the 2017 budget is closed and Greece and the institutions
are very close to an agreement on the fiscal gap for 2018.
In this framework, it is important that the institutions and the
IMF ensure that this progress is not be compromised due to increased
uncertainty, he added.
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