Greek Finance Minister Euclid Tsakalotos was quoted by FT, in an article posted on Thursday, as saying that EU monitoring missions will probably be “more frequent” than the twice-a-year evaluations now conducted by creditors’ auditors. The latter were a fixture in post-bailout Eurozone members.
“It is likely to be a case of three or four visits instead of two,” he said.
In response to creditors’ demand for a long-term growth strategy by Greece after the third – and last – memorandum ends, Tsakalotos referred to measures to speed up the judicial process, a decades-long promise by successive Greek governments to make the country’s public administration “more efficient” and efforts to improve conditions for doing business in Greece – where capital controls are still imposed.
“This is our own growth plan and its ownership is important for us … We don’t want to surprise anyone, whether it’s the financial markets or the institutions.”
