D. Velkouleskou: The initiatives taken so far have not been enough to restore viability of the greek debt

“Additional reforms in the pension and insurance system are required in order to achieve a primary surplus,” said Troika IMF representative Delia Velkouleskou, speaking at an investment conference in New York.

According to reports, the representative of the IMF stressed the great importance for the Greek economy to make adjustments to the country’s Public Debt. As she mentioned, the initiatives taken so far on this front have not been enough to restore viability of the Public Debt.

She added that the weak fiscal position of Greece is a challenge for the economic policy. Velkouleskou argued that we should focus on reforms that improve the level of competition by facilitating the entry of new businesses.

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