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The Hellenic Radio (ERA): News in English, 10-06-19

The Hellenic Radio (ERA): News in English Directory - Previous Article - Next Article

From: The Hellenic Radio (ERA) <www.ert.gr/>

CONTENTS

  • [01] Greek Financial Goals Get Wide Support

  • [01] Greek Financial Goals Get Wide Support

    Saturday, 19 June 2010 19:21

    The Greek Finance Ministry is accelerating all processes required so that the government's goals can be met. In the meantime, the troika gave a positive rating to the work done so far, ruling out debt restructuring.

    Greek Finance Minister Giorgos Papakonstantinou, on his part, said:

    "It appears that economy, despite being in recession, despite the problems businesses have come up against, despite the problems the people of Greece have come up against, is strong and things could turn even better than expected."

    In his statements in Proto Thema paper, Papakonstantinou stressed: "As long as the fiscal adjustment programme is consistently implemented, possibilities to refund our debt will increase."

    Appearing on the same page, the French Finance Minister claimed that the Greek government had started reforming the Greek economy and that the bailout package for Greece did not depend upon any kind of debt restructuring.

    In his interview with a German paper, Jean-Claude Trichet said they would not allow something like that to happen, further adding that they did not sign the Treaty of Maastricht just to back down.

    The European Central Bank, through constant interventions in the bond market, has gathered Greek bonds amounting to 30 billion euros.

    Source: NET 105.8, ANA/MPA, AFP

    News item: 37839


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