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> Economy

Bloomberg: Greek government tries to form a convincing exit plan

Prime Minister is trying to balance between convincing voters that Greece is regaining its economic independence and reassuring investors that Greece can still pay its debts without the international support

Newsroom October 21 01:50

Greek officials are trying to persuade European creditors to disregard the current obstacles that prevent the plan of Greek exit from the Memorandum to be adapted, according to a recent article published today on Bloomberg, citing people familiar with this matter.

According to the article “the Greek proposal would see a new financial tool combining unused funds from its existing program with the profits that euro-area central banks made on their Greek bonds portfolio”, based on the same sources. This, says Bloomberg, would give Greeks a backup plan, if they find it difficult to sell bonds.

As Bloomberg reports, in the meantime Prime Minister Antonis Samaras is trying to balance between convincing voters that Greece is regaining its economic independence and reassuring investors that Greece can still pay its debts without the international support and help “which has kept it afloat since 2010”.

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