Thursday, November 6, 2014
In an interview to Reuters on November 5, Finance Minister Gikas Hardouvelis said that as soon as Greece quits the memorandum at the end of the year, the government expects an interim period of six months to one year of limited EU/IMF supervision, without the current 'micro-management' by lenders.
"This micro-management will be gone, in the sense that there will be simply few items to focus on," the finance minister noted.
Moreover, Hardouvelis said the Greek government “is discussing a safety net in the form of a credit line that it can access during the interim period, [again] featuring a much lighter supervision than in the past.”
"This micro-management will be gone, in the sense that there will be simply few items to focus on," the finance minister noted.
Moreover, Hardouvelis said the Greek government “is discussing a safety net in the form of a credit line that it can access during the interim period, [again] featuring a much lighter supervision than in the past.”
