‘Half-baked solution’ on debt the most likely outcome at present, ND’s Hatzidakis says

The most likely outcome of talks between Greece’s government and creditors on the debt is a “half-baked” solution that will allow them to once again “kick the can down the road,” main opposition New Democracy’s Vice President Kostis Hatzidakis said on Wednesday.

Speaking at a general meeting of the Hellenic Federation of Enterprises (SEV), Hatzidakis said a solution for the debt, in itself, was not enough to guarantee growth. This would require a return of confidence, a solution for the mountain of non-performing loans, privatisations, reforms and a reduction in taxation, he said.

In addition to preparing its policy platform, he added, ND was also preparing draft bills “so that we will be ready from the very first day.”

“The government’s greatest failure has to do with its inability to achieve an overall return of confidence,” Hatzidakis noted. “Promoting investments is a fundamental social policy that can be exercised today. As long as we have a government that considers [the former Greek airport] a forest, the silo at Piraeus port a monument and as long as there are MPs that table amendments on private education that cancel the laws they voted themselves just a week before, the country cannot inspire confidence and cannot attract new investments,” he said.