Nikos Pappas: Signs indicate a smooth conclusion for 3rd programme

There are signs that Greece is heading towards a smooth conclusion of the 3rd programme, which is the only programme that has not derailed and also succeeded in reducing unemployment, Minister of Digital Policy, Media and Telecommunications Nikos Pappas said on Thursday in an interview.

The Greek government and its partners, who hold the largest part of the debt, want the programme to be completed without precautionary credit lines, and that is the key factor, he said. He noted that international developments should be assessed and stressed that it is obvious that a country of Greece’s size would have had trouble normalising its financing and balancing its banks if other choices had been made.

Regarding the International Monetary Fund (IMF), he said that if the IMF stayed on as a technical advisor, it would be put in a position where it will be unable to affect things, and that this is the most likely scenario.

“It is clear,” he added, “that if a country needs stabilisation programmes within Europe, it will not have the IMF. So steps are being taken in this direction.”

Source ANA-MPA
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