Madrid, February 24 (EFE) .- The Economy Minister Luis de Guindos, said today that the adoption of reforms made by Greece by the Eurogroup and expanding financial aid “is a positive solution,” especially for this country and for the whole of Europe.
Speaking to reporters during the debate on the state of the nation, De Guindos It has thus referred to the green light given the Eurogroup to the list of reforms in Greece, which will allow this country to extend four months financial aid.
De Guindos stressed as being complied with all rules in the negotiation and added that Greece has admitted that meet its debt obligations and previous bailout program, “which is the starting point for decisions to be taken in the coming weeks”.
The minister said that the latest data on the evolution of the Greek banking sector and the real economy are poor and warned of the need to re-evaluate your situation and review the actions of the previous program that had been launched .
It also stated that before the end of April, “and within the flexibility of the decisions of the Eurogroup,” changes that can be made of the main parameters will be in which defined the Rescue and added that in June should be defined the third program.
De Guindos stressed that the generalized approach to Greece is that its “very high” public debt is about interest rates a conditions that make it “acceptable”.
In this regard, stressed that Greece’s problem “is not so much the volume of debt in relation to GDP grow back.”
In his view, if there is growth, the situation is “completely different” and could face some interest payments “that are much more moderate than those of other countries like Italy, which in terms of interest in connection with the GDP pay more than Greece “
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