Athens, Greece.- The memorandum programme had reached its “natural end” and Greece is now preparing a transition to the post-memorandum era, Deputy Development and Competitiveness Minister Notis Mitarachi said on Friday in an interview with the Bloomberg UK TV network.
“It is our duty to communicate to the markets that the natural end of the memorandum has come and that we are preparing the transition to the post-memorandum era – not with rushed, unilateral actions but in full collaboration with our partners,” he said.
Greece was talking with its creditors – the IMF, the European Central Bank and the European Commission – in order to make clear that the country would not face any refinancing risk in the coming period, he added.
The deputy minister also stressed that there was “no dilemma” between ending austerity for the people or continuing the programme for the markets, saying that this was proved by the balanced budget for 2015 that converged with the programme and included some tax cuts.
He also stressed that basic economic indices in Greece were improving, that Greece remained dedicated to reforms and maintaining primary surpluses and stressed that national elections will be held at the end of the government’s term in 2016.
“The view of the government is that the present parliament can elect a president of the republic,” he said.