Tzanakopoulos: Greece is regaining its economic sovereignty

“With the end of memorandum surveillance the country is now regaining its economic sovereignty and its right to decide its fate,” Minister of State and government spokesman Dimitris Tzanakopoulos said in an interview with the newspaper “Realnews” on Sunday.

He noted that the government will now have a greater degree of freedom to implement policies regulating the labour market, supporting the social state, increasing worker incomes and to make institutional reforms.

“This great change in governance practice will also bring immediate results for citizens’ daily lives,” he said.

Asked whether measures to cut pensions might finally not be implemented, Tzanakopoulos said that the implementation of pension cuts will not be necessary in order to achieve the targets agreed at the Eurogroup and with Greece’s lenders, based on current fiscal forecasts for 2019 and the following years.

“This is an objective fact that is not currently questioned by any institution,” he added.

Specifics on a series of social support and relief measures for those worst hit by the crisis, for the protection of wage earners and of an “overall political and economic plan for the initial period after exiting the memorandums,” would be outlined by the prime minister at the Thessaloniki International Fair (TIF), he indicated. These would include initiatives for growth, for improving the investment environment but also major institutional reforms, such as revising the constitution, Tzanakopoulos added.

He was also strongly critical of main opposition New Democracy for questioning whether Greece had exited the memorandums, suggesting that the main opposition “has bought into its own catastrophic narrative” and was “totally wrong”.

Even though things were normalising in some way, Tzanakopoulos said, the ruling coalition had not “run out of steam” and had a lot of work ahead to reorganise the Greek economy and fight corruption.