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> Elections 2015

Dep. PM tries to extinguish markets’ volatile reaction to gov’t announcements

"we have ministers that have undertaken such duties for the first time"

Newsroom January 28 10:01

New Deputy Prime Minister Yiannis Dragasakis on Wednesday attempted to extinguish a firestorm of negative market reactions to same-day announcements by other ministers, who more-or-less confirmed SYRIZA’s pre-election promise that most privatizations in Greece will be suspended or overturned.

Following a meeting chaired by PM Alexis Tsipras, Dragasakis, a highly regarded LSE-trained economist who is viewed as amongst the “moderates” in the current radical left government, attempted to “sooth” investors’ nerves.

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Dragasakis said his government, in fact, wants private investments and will soon release a list on available possibilities, “investments in a Greece of opportunity, not a Greece of poverty,” as he characteristically said.

Moreover, he said the new government will continue to oppose destructive policies, but will convey this opposition in a calmer manner.

Fresh from the new government’s fiery first brush with markets’ “real-politik”, Dragasakis justified the statements made by certain of his Cabinet colleagues by saying that “we have ministers that have undertaken such duties for the first time”.

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