Tsipras: The banks should inject liquidity to the real economy

The banks should inject liquidity to the real economy to solve the problem of non-performing loans, main opposition Radical Left Coalition (SYRIZA) leader Alexis Tsipras on Thursday said after meeting with Bank of Greece (BoG) Governor Yannis Stournaras.

Referring to the public debt problem, Tsipras expressed fears that the government is moving without a plan, using as a compass the creation of impressions ahead of the elections and in this context it “tries to be convincing that the [bailout] memorandum has succeeded and the country can return to the markets without problems.”

The time has come, as confirmed by the stress tests, for the banks to return the support by injecting liquidity to the real economy, he said, adding that the banks despite the celebrations, will not support the economy if the “bad loans” issue is not settled first.

“That’s why it is a disastrous decision to use for other purposes the 11.5 billion euros destined for the reform of the banking system,” Tsipras noted.