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> Economy

FinMin Tsakalotos begging Eurogroup for 9 bln euros measures

He sent a letter to European partners implying political developments

Newsroom May 7 09:50

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Greek Finance Minister Euclid Tsakalots sent a letter on Friday to his European counterparts warning in a dramatic tone that neither the current government nor any other government can impose measures of 3.6 billion euros that lenders require. He also implied that the government has reached its limits, “whatever that means” regarding any political developments, if lenders insist on their demands.

The Finance minister has not confirmed nor denied the letter which was brought to light by German news agency MNI and where Mr. Tsakalotos mentions among others that:

– the new social security bill puts an end to separate insurance funds and merge all funds into one cutting future pensions,

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– the government has done everything it has promised and even more,

– “can you imagine submitting to the parliament a 9 billion euros package of measures instead of a 5.4 billion euros package that is expected?”

– “Greece needs a clear statement for measures to be applied immediately and measures to be taken in the future” for the debt

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