Greece will not have any new commitments nor additional prior actions, Finance Minister Euclid Tsakalotos said on Sunday in an interview with ‘Ethnos’ newspaper.
He admitted that the developments in Italy affect the markets, but “Greece is more shielded from external crises, as a result of June 2017 decision, which provides for a ‘pillow’ of reserves that will cover us for occasional market turbulence.”
On the debt, he noted that Germany is a key factor with regard to the medium and long-term measures, but there is the Eurogroup decision of June 2017, which reflects the general framework for debt relief. He stressed the importance of explicit mentioning that Greece should be able to access the markets. “If we add to this fact that rating agencies are paying particular attention to debt sustainability, then we understand why Germany’s role is within a limited framework,” he said.
Moreover, the Finance minister announced permanent tax reductions as of 2019.