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Greece anxious to tap financial markets the soonest possible - Central Banker

Published 11/10/2016, 16:08
Updated 11/10/2016, 16:10
© Reuters. Greek flag flutters between Saint George's bell tower and an olive tree atop the Lycabettus hill

ATHENS (Reuters) - Greece is anxious to tap financial markets the soonest possible since its multi-billion euro bailout programme expires in 2018, Central Bank governor Yannis Stournaras said on Tuesday.

"I am in a hurry to get to the markets quickly. Its not possible to stay out. The programme ends in 2018 - if we do not move forward on privatisations we won't go (to markets)," said Stournaras, who is also a Governing Council member of the European Central Bank.

Stournaras was speaking to a committee of Greece's parliament.

Greece signed up to a bailout worth up to 86 billion euros in mid-2015, contingent on a string of economic reforms, including sweeping privatisations. One review has just finished, and the second review is expected to start in mid-October.

© Reuters. Greek flag flutters between Saint George's bell tower and an olive tree atop the Lycabettus hill

Earlier, Stournaras told lawmakers that he thought it unlikely Greece would tap markets before the conclusion of a second review of economic reforms by international lenders, and said that review should be concluded the soonest possible.

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