NEWS

Gov't spokesman upbeat about June 15 Eurogroup

TAGS: Economy

The Greek government spokesman appeared upbeat Wednesday about the prospects for a deal on aid and debt relief for Greece at the Eurogroup summit on June 15.

Speaking at a press briefing in Athens, Dimitris Tzanakopoulos added that an agreement with the country’s international lenders could wait until the subsequent summit of European Union leaders on June 22 if no solution transpires at the meeting of eurozone finance ministers in Luxembourg.

“We will not accept just any offer,” Tzanakopoulos said adding that a “clear solution” must abide with three main principles: First, it must set out medium-term debt relief measures so that gross financing needs do not exceed 15 percent of GDP; second, the debt relief measures must pave the way for “positive” debt sustainability analyses (DSAs) by all institutions, including the European Central Bank (ECB); third, the measures must identify interventions that will help strengthen economic growth.

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