Greek FinMin: There is now ‘light at the end of the tunnel’

Following the decision by euro zone finance ministers to disburse additional bailout cash, GreekĀ Finance Minister Euclid Tsakalotos gave his remarks, via Reuters, with the key quotes found below:

  • Eurogroup decision provides much greater clarity for Greek people and financial markets
  • Can now look forward with greater confidence because Eurogroup says it is committed to helping Greece stand on its own feet
  • There is now greater clarity on medium-term debt relief measures to be carried out at end of the program, and a mechanism to regulate it
  • There is strong growth package, including the creation of a state development bank
  • Point of the whole exercise is to leave program in 2018
  • With the deal, the head of debt management office will get clearance to access markets in due course
  • IMF’s position is much more supportive, that Greece on right trajectory and that is important for markets

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