There are signs of stabilisation of the economy, Digital Policy Min Pappas says

There are signs of stabilisation of the economy, Minister for Digital Policy Nikos Pappas said on Monday in an interview with Real FM.

Pappas added that the requirements to meet certain prior actions in order for the loan tranche to be disbursed come to an end in August.

He accused the main opposition of seeking a new memorandum which they call a package of strong reforms, adding that they need to explain what they mean, as there are currently agreed things with the institutions under the third programme.

Speaking about growth rates and debt, the minister noted that Greece’s lending rates have fallen and according to the government’s growth-enhancing clause and the completion of the regulation, it will consolidate everyone’s feeling that Greece will have no a problem in servicing its debt and this will put the country on the map of regularity.

He added that some social classes have been disproportionately burdened by taxation and this has to be changed, but stressing that the prospect of developing and stabilizing the country’s economy is to capitalize on its strategic assets, technology and a legal system.