Greece’s Tsipras Calls for Prompt Completion of Bailout Review
- Country needs ECB’s bond buyback program for markets return
- Broadening tax base could lead to tax cuts in next 2 years
Bailout Challenges: What's Ahead for Greece?
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Greek Prime Minister Alexis Tsipras called for immediate completion of a review of the country’s bailout program and a final decision on debt relief that would pave the way for its return to bond markets.
Greece needs to “positively complete” the second review of its bailout program as soon as possible, Tsipras said during a speech in Thessaloniki. The country must also join the European Central Bank’s bond buyback program, “which will act as a catalyst for reducing borrowing costs, restoring liquidity, lifting of capital controls and an exit to markets,” Tsipras said in comments broadcast live on state-run ERT3.