PM Tsipras: Direct intervention measures on debt will be decided in December

Direct intervention measures on debt will be decided in December and our firm position is that the discussion on the future necessary interventions regarding the primary surpluses from 2018 onwards should start immediately, Prime Minister Alexis Tsipras said on Thursday opening the proceedings of the EU-Arab World Summit “Partners for Growth and Development.”

Tsipras also said that in parallel the road will be paved for Greece’s participation in the ECB’s quantitative easing programme and this is considered an important step for the return to the markets and the disengagement from loan contracts and memoranda.

The prime minister referred to the necessary steps for ensuring high growth rates adding that the lower primary surplus targets as of 2018 will contribute to the release of the necessary funds in order to reduce the tax burden on individuals and businesses, increase investments and strengthen the social policy, which fell dramatically in the previous years.

He pointed out that the huge wager for the country is to restart its economy without the pathogenies and shortcomings of the past. Therefore, he stressed the importance of changes and turn to real economy and not insistence on the discussion on fiscal issues.

Moreover, Tsipras stressed the importance of changing policy so that Greece becomes an attractive country for investments. He also cited Greece’s great potential as a result of its geographical position. “We are a key energy player in the whole region, with many works in progress,” he stated.

Today’ summit that is held at a critical time for the Greek economy

“Today’ summit that is held at a critical time for the Greek economy, at a time of recovery, but also a critical time for stability in the wider region, can contribute to several sectors, said.

The prime minister stressed the importance of the summit taking place in Greece, a country that is emerging from a six year crisis, steadily upgrading its role as a pillar of peace, stability and security in our region.
Tsipras focused on three main topics highlighted in the summit for the future of the EU-Arab and Greek-Albanian cooperation:

First, it is based on close cooperation with the private sector and civil society. Secondly, the conference takes place at a critical time, for Europe, for the Arab world, but also the relationships between them. “A period which requires brave steps. For peace and stability in Syria, Iraq, Libya, Yemen. And of course – regarding the Palestinian issue – for the resumption of credible negotiations aimed at a fair solution based on two states coexisting safely. With the establishment of an independent, viable Palestinian state based on the 1967 borders, with East Jerusalem as its capital.”

He also stressed that the conference takes place at a time when it should strengthen the Euro-Arab cooperation in order to address major international challenges such as terrorism, refugees and migration. At a time requiring a new global vision for the future of Euro-Arab relations in trade, investment, energy and tourism. “This vision is necessary now more than ever,” stated Tsipras.

Third, today’s conference takes place in Greece, “a country with strong historical, cultural, economic and diplomatic ties with the Arab world,” a country, as he stated, that over time “has been the port and bridge between Europe and the Middle East”, “a legacy of trust in a fluid and conflictual global and regional environment.”

A country that is dynamically emerging from six years of economic crisis, steadily enhancing its role, the pillar of peace, stability and security in our region, he concluded.