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> Economy

PM Samaras’ bailout exit plan was not a good idea, according to Bloomberg

Based on a survey conducted by Bloomberg from 3 to 15 October among 15 economists

Newsroom October 17 12:37

Bloomberg conducted a survey among economists and analysts on Greece’s economy and Prime Minister Antonis Samaras’ plan for Greece’s exit from the bailout program and published a relative article.

“Antonis Samaras’s plan for Greece to exit its bailout early is crumbling in the face of a market rejection. Economists say it might not have been such a good idea anyway,” mentions the article.

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Based on the results, “85% respondents to a Bloomberg News survey said the prime minister’s proposal didn’t make economic sense, partly because of Mario Draghi’s insistence that junk-rated countries must remain under some kind of surveillance program to benefit from new European Central Bank measures”.

However, the most important aspect from an economic perspective is that Greece is committed to a strong reform, as James Nixon, an economist at Oxford Economics Ltd in London, argues. ” “The government is to a certain extent desperate to take its foot off the reform gas pedal and ease back a bit to try to boost its popularity.”

The Bloomberg survey was conducted from 3 to 15 October among 15 economists. 73% of economists said that Greece will not need a third bailout compared with 40% in the last poll in July, half said the country can’t cover its funding needs from the market without the IMF money.

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