Any debt relief should be generous and significant, says head of parliament budget office

Any debt relief granted to Greece needs to be generous and significant to resolve the problem, the head of the parliament’s budget office Panagiotis Liargovas told the Athens-Macedonian News Agency in an interview in Vienna on Wednesday.

Liargovas is participating in an international symposium on the Greek crisis organized by Webster University in the Austrian capital.

“Any debt relief must be generous, it must be significant this time, not like the PSI which was done, but the problem has resurfaced. Therefore there must be some arrangement and possibly to describe clearly the details of this arrangement in the forthcoming Eurogroup, so that it can also give a signal to investors that Europe stands in solidarity,” he said.

“Greece did its part, it is time for our partners, lenders, to do what they have to do and for which they had committed to do at the Eurogroup on May 2016,” he added.