🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Greece, EU see need for 'national reform plan' to fix economy

Published 15/02/2015, 10:46
© Reuters. Greek Finance minister Yanis Varoufakis talks with Greek PM Tsipras in the Greek parliament in Athens

By Karolina Tagaris

ATHENS (Reuters) - Greece has agreed with its European partners that there needs to be a "national reform plan" to deal with decades-long issues of the economy, its government spokesman said on Sunday.

But he added in a wide-ranging interview on Greece's Skai TV that the new government will not clash with the public based on orders from outside.

Greece and its euro zone partners are in difficult negotiations over demands by the new government of leftist Prime Minister Alexis Tsipras for an end to austerity and a renegotiation of Greece's debt.

Spokesman Gabriel Sakellaridis reiterated that the government was not willing to accept a euro zone bailout if it came with the same kind of strings as in past.

"A lot has happened since last Wednesday's Eurogroup (meeting). It was a period of continuous negotiations," he said.

"(But) the Greek government is determined to stick to its commitment towards the public ... and not continue a programme that has the characteristics of the previous bailout agreements."

Sakellaridis also said the government would find a way for the country's battered banking system to work in the interests of economic growth.

© Reuters. Greek Finance minister Yanis Varoufakis talks with Greek PM Tsipras in the Greek parliament in Athens

"We are making contact with the banking sector," he said. "The Greek government's (moves) will have as their goal the stability of the financial system and there are no circumstances that will have the share value of the banks as the goal."

(Additional reporting Costas Pitas Writing by Jeremy Gaunt; Editing by Mark Heinrich)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.