Greek Finance Minister Yanis Varoufakis has unveiled his plan on reviving the Greek economy by both meeting the IMF requirements and circuiting the austerity measures. A preliminary agreement over proposal is expected on April 24.
“Negotiations [with international lenders – Ed.] will be completed when we come to a decent agreement that will give a real prospect of stabilization and further substantial growth to the Greek economy,”Varoufakis saidin an interview to Naftemporiki newspaper published Monday.The minister also noted that his Cabinet won’t agree to carry out measures leading to a recession.
Greece requires a new agreement with Europe to make its €324-billion debtsustainable, as now it accounts for178 percent of GDP, said Varoufakis pointing out five terms on which the plan is expected to work out.