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