VP Dragasakis: Post-program reforms will not relate to austerity

When Greece has wrapped up its loan agreement in August, the government will be able to apply reforms that are not austerity reforms, Deputy Premier and Economy and Growth Minister Yiannis Dragasakis said in an interview appearing Thursday in the La Croix newspaper.

The introduction of these reforms, Dragasakis said, will be made easier by the GDP growth, which is forecast to grow by 2 pct in the next few years.

Dragasakis added that the government wants to make better use of European tools more, and noted that some Greek companies are robust enough to borrow from the markets directly.

He also reiterated that the strategic plan for Greece includes the reintroduction of collective labor agreements and the raise of the minimum wage in ways that do not harm the economy’s competitiveness, he said.