Tsakalotos: Bailout exit not affected by Turkish Crisis
Tsakalotos said that Greece’s bailout exit is founded on a series of factors, include the decisions of the Eurogroup on the Greek debt, and the cash buffer that the Greek government has created
Finance Minister Euclid Tsakalotos has said that the economic crisis in Turkey will not affect Greece’s exit from its bailout programme, scheduled for 20 August.
“The clean exit of the Greek economy from the memorandums is not affected by the problems of the Turkish economy,” Tsakalotos said.
“The Greek government, as all European governments, is carefully monitoring developments in the Turkish economy,” Tsakalotos told newpost.gr.
He said that the Greek government wishes that its neighbours can swiftly transcend their problems.
Tsakalotos said that Greece’s bailout exit is founded on a series of factors.
These include the decisions of the Eurogroup regarding the Greek debt, and the cash buffer that the Greek government has created, which ensures that public sector funding needs will be covered for the next two to three years.
Consequently, Tsakalotos said, the planning of the Greek government is not affected by short-term turbulence in the markets
“On 21 August, Greece is opening a new page, and that is definitive,” the finance minister concluded.
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