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Stournaras changes his mind, wants to remain in the Finance Ministry

The FinMin's response to ND MP's that blame him on the EU elections result

Newsroom May 27 05:09

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New data in the case of Yannis Stournaras’ stay in the Finance Ministry has appeared. About three hours after the publication of his close associates’ views, according to which Mr. Stournaras did not want to remain as head of the Ministry of Finance, a reversal in the political scenery suddenly made its appearance.

Yannis Stournaras, according to his colleagues, is now willing to continue his work at the Ministry of Finance, even if, as he told his colleagues, he does not want to become the “punching bag”. His new decision is obviously aimed at quelling any rumours.

While the information on whether the FinMin would stay or go, the Prime Minister’s office had made no formal comments, since the PM is in Brussels for an informal meeting of the European Council.

Despite that associates of Mr. Stournaras now argue that there is no issue to be set on the FinMin’s move, they insist that the Minister is exceedingly annoyed about the unfair, as he considers it, judgment against him from ND party members, on the elections result. “Criticism is always welcome, but sometimes it is unjust”, he reportedly declared to his associates. The same people indicate that the Minister will continue preparing for the negotiations with the heads of the troika, who will be assessing the Greek economy in August.

 

What Mr. Stournaras’ associates were stating, earlier

Finance Minister Mr. Yannis Stournaras seems exceedingly annoyed about the, as he considers, unfair criticism he has received from ND party members for the EU elections result. He reportedly stated to his colleagues that “Under these circumstances, I do not want to remain and become a punching bag. I will not allow anyone to question my work”.

People close to the minister said that even under the weight of these attacks, Mr. Stournaras cannot continue to fight the battle of negotiation with lenders to renegotiate measures and the relief of Greek government debt. He even reportedly no longer desires his stay at the ministry.

The same circles reported that “Yannis Stournaras was called upon by three different parties to carry out a policy and they cannot, now, blame him on the load of responsibilities he bears”.

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The finance team, points out, however, that since election night, representatives of foreign firms were anxiously communicating with Athens about what would happen on the next day, and that only through personal assurance of the Finance Minister, were the foreigners’ worries quelled and the spreads that had ascended in view of elections, came down again.

With this data, widespread concern arises about the future of trading and the proper management of public debt.

At the same time, the same sources did not deny any possible movement of the Finance Minister to the Bank of Greece, noting that this is not a decision that the Prime Minister can make by himself.

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