Placeholder canvas

Greek PM wants to move fast on bailout programme

Date:

Greek Prime Minister Alexis Tsipras said on Saturday he wants to move fast with the bailout programme so that Greece can cast off the creditors’ tutelage and return to the markets.

“We need to quickly wrap the first review, so that the indispensable discussion on the restructuring of the debt can begin,” Tsipras told his Syriza party’s lawmakers after they were sworn in.

“Our main goal is to exit as soon as possible the supervision and regain access to the foreign markets,” he said.

In late October, Greece’s lenders will conduct an audit to determine whether Athens is abiding by the reform programme.

The release of a three-billion-euro ($3.3-billion) tranche of aid depends on its findings.

Tsipras, who returned from New York on Friday after atttending the UN General Assembly, also said that the US trip during which he talked about the debt problem had been “extremely fruitful”.

“The debt problem is international and the solution to it on an international scale can lead to prosperity and development for all people,” he said.

Ahead of a parliamentary debate that begins Monday on the Greek government’s new programme, which will culminate with a confidence vote on Wednesday, the Greek premier admitted that “difficult decisions lie ahead”.

The government must present an overhaul of the country’s underfunded pension system to make it viable and introduce sweeping tax hikes.

The new parliament will revise the 2015 budget, taking into account the reforms, including taxes on farmers’ income that are set to double by 2017.

The government must also finalise a procedure to recapitalise Greek banks by December, before new EU-wide bank rescue regulations that could affect depositors come into play in 2016.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

A Look At US Foreign Policy Decisions By The Current Administration Ahead of Polls

While Biden's foreign policy may get good approval ratings from both his supporters at home and US allies abroad, especially those worried that Trump should not return to the White House, it isn't working in favour of the American President

Application In SC Seeking Medical Expert Panel To Examine Covishield Vaccine Side Effects

New Delhi: An application was moved in the Supreme...

Telangana CM, Others Seek More Time To Appear Before Delhi Police In Amit Shah Deepfake Video Case

New Delhi: Legal counsels representing Chief Minister Revanth Reddy...

Over 80 Delhi-NCR Schools Receive Bomb Threats, Home Ministry Calls It Hoax

New Delhi: The security situation in the Delhi National...