22052018Headline:

Tsakalotos: Precautionary credit line will only delay return to normality

Finance Minister Euclid Tsakalotos in a statement on Tuesday to the ‘Efimerida ton Syntakton’ newspaper, said that “the main thing is for the country to stand on its own feet. Everyone has to undertake their responsibilities. With a precautionary credit line, and therefore a programme, the rating agencies will not upgrade Greek bonds to a level that pension funds can invest in (investment grade). So, the only thing we will achieve is one-year delay in the return to normality”.