The Greek Minister of Finance gave a description in Parliament of what will happen at the first quarter of 2015 in case that Greece fails to reach an agreement with the Troika.

Mr. Gikas Hardouvelis listed one by one the country’s financial obligations and explained that if there is no agreement, then Greece will be “forced to use the domestic banking system, limiting the supply of liquidity within the country.”

During his speech  the Greek Minister of Finance said that: “Our economy is right now and more than ever in its most critical point to either enter a bullish trend or to stumble and come to a standstill.”

Mr. Hardouvelis argued that by making an agreement ” the road of disbursement of the last installment amounting to 1.8 billion euro and a further 3.6 billion from the IMF opens up.”

Furthermore, he stressed that the agreement will also implement thepreventive support line, and noted that “our partners are  positive towards a  preventive support line, as requested by the government. This means that the country will enter in a prudent way in the markets. That way there will be changes in the market expectations for the better and there will be no risk and uncertainties for the country “.

Among other, Mr. Hardouvelis heralded favorable arrangements for excise energy consumption, but also for the farmers taxing which  although are paid with wages are taxed as freelancers.