FinMin: Eurozone late diagnosing Greek problems

13:20 7/1/2014 - Πηγή: Matrix24

He stressed that the country’s negotiating position (n May 2010) was as a matter of fact difficult, due to its inability to secure access to markets, and pointed to a series of factors that functioned negatively in achieving the targets of the first memorandum, as its ambitious targets on the deficit and the debt were and failure to evaluate the repercussioons of fiscal adjustment on the real economy and the greater recession it caused.

The minister also said that, among other things, there was a delay in the implementation of reforms, in tax administration on combatting tax evasion and the handling of bureaucracy in the public sector, that he termed as being of vital importance for the Greek programme’s success.

Source: AMNA