Monday, May 16, 2016

Tsipras says country will be back to the markets in 2017 – Daily News – Lisbon

Greece does not have access to long capital markets and medium term since the 2010 debt crisis

the Greek Prime Minister Alexis Tsipras, said that Greece may return to markets in 2017, in an interview with Greek weekly RealNews. “We will return to the markets in 2017,” he said Tsipras in the interview to be published on Sunday.

Greece does not have access to long capital markets and medium term since the 2010 debt crisis, with except for two brief returns in 2014 in the medium-term markets, where recorded a slight growth.

the country concluded in July 2015 an agreement for a third loan with its creditors, the European Union and International Monetary Fund and hopes to May 24 the ‘green light’ of the ministers of the euro zone finance for the delivery of additional portions of those funds.

After the approval by Tsipras Government two difficult reforms, pensions and the income tax, the central banks of the euro zone admitted in a meeting last 09 that possibility and undertook to discuss the reduction of Greek debt.

the deputy Greek Prime Minister, Yannis Dragasakis said today in an interview with business daily Naftemboriki the terms that may be approved for debt relief should “facilitate the return of Greece to the markets over the next year.”

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