“From now on the keys of fiscal policy return to Greece” declares government spokesman

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Government spokesman Dimitris Tzanakopoulos, in an interview with Real FM on Monday, outlined the framework of economic opportunities that will open up for Greece after the end of the programme in August 2018.

Tzanakopoulos underlined that the end of the memoranda will mean that “the keys” of fiscal policy will be returned to authorities in Greece. He explained that Greece’s only obligation will be to meet a primary surplus target of 3.5 pct in order to open up a path for the adoption of economic policies to support the weakest economic strata and increase social cohesion.
The government spokesman also assured reporters that there was no issue with the completion of the Greek programme.

As of August 2018, the government will gain control of fiscal policy on condition that it meets the primary surplus target 3.5 pct, Tzanakopoulos said. “On the basis of the agreement with the institutions, Greece will be able to take the corresponding measures,” he added. As a result of having this possibility, he noted, the government will be able to discuss and decide what measures are most effective and what measures can help improve social cohesion and provide support.

On the issue of the two Russian diplomats, he said: “We took the measures we had to take and now consider that the matter is over.”

He stressed, however, that the expulsion of the two diplomats does not mean that Greece has changed its foreign policy doctrine.

Source: AMNA