Greece's
new finance minister, Euclid Tsakalotos, while speaking to the Financial Times,
said he "didn't see any reason" why growth wouldn't return to the
beleaguered European nation, a week after it re-elected the left-wing Syriza
party with 145 of 300 parliamentary seats to form a new government.
The EU estimates that the Greek banking
sector will need anything from 10 billion euros to 25 billion euros, but the
exact amount needed would depend on the results of stress tests and
asset-quality reviews. The negotiators are keen to get it done by the end of
the year when so-called bail-in rules kick in. These would mean that large
depositors, including companies, would lose money as part of the
recapitalization program, taking a haircut or charge.
It is important for the government to begin
reforms by October, as this would unlock a bailout funds tranche of 3 billion euros
($3.36 billion) agreed upon in August, Tsakalotos said while speaking to FT.
Greece and its international lenders reached an 85 billion euro bailout
agreement on Aug. 11, providing the country with some respite after a turbulent
year marked by acrimonious talks with lenders, the imposition of capital
controls and a three-week shutdown of its banks.
Tsakalotos added that the new government
would make a serious effort towards cracking down on wealthy Greeks suspected
of tax evasion, the paper reported. "It will be a central aspect of our
policies, which will determine the success of the government, because it's the
only way the Greek people will accept difficult measures that show we're all in
the same boat," Tsakalotos said to FT. However, analysts see risks that
the reforms demanded under the 86 billion euro bailout program will not be
fully implemented because of their unpopularity among Greek voters and in
Syriza itself.
Πηγή: reuters.com
Δεν υπάρχουν σχόλια:
Δημοσίευση σχολίου