There will be no more recessionary measures, EconMin says
Completion of a review of the Greek programme was crucial for the course of the Greek economy, Economy Minister George Stathakis said on Friday (10/06/2016).
Speaking to reporters, on the sidelines of a Black Sea Bank meeting in Chania, Crete, Stathakis said that completion of the review was completion of three big issues agreed with the country's partners: Fiscal adjustment, stability of the banking system and a series of structural reforms.
"This chapter is closed and obviously creating economic stability. Additionally, a success was that the first review was accompanied by a strong commitment on the debt issue," Stathakis said, adding that everyone was expecting the economy to turn to positive growth rates.
"We have determined that we want an exit from the crisis and a recovery of the Greek economy with strong rules of social justice that's why we speak about a fair growth," the Economy minister said, while he rejected the imposition of any new recessionary measures.
"I think that the recessionary measures are those completing the first review. There will be no other measures," he said.
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