Government VP reiterates possibility of Greece tapping markets in 2017

Government vice president Yiannis Dragasakis said Greece could make a test return to the markets in 2017, during an interview with public broadcaster ERT on Thursday evening.

Dragasakis added however that taping the markets is not an end in itself; it is the means to achieve the goal of ending supervision.

Commenting on the creation of a bank for development, he said it was “an aim we sought since 2015”, noting it will provide a push for investments, employment and growth as a whole. “The absence of a development bank all these years in Greece was a major shortcoming,” he said.

The vice-president also said Greece must ask its lenders to clarify how they will support the country’s growth practically and mentioned the commitment to return profits from the bonds held by the ECB. “Part of these returns must be given to strengthen the bank of development and the development of the Greek economy.”