C. Χουλιαράκης: The country will be included in the program of quantitative easing of the ECB after the completion of the agreement

The completion of the agreement the institutions will shift the pressure from the Greek side to the side of the creditors, in order to do what is required in order to…
join the IMF in the programme and to include Greek bonds in the program of quantitative easing, says the “Daily” the deputy minister of Finance Giorgos Χουλιαράκης.
The inclusion of the country in the program of quantitative easing by the European Central Bank, says the deputy minister of Finance, assumes the completion of the agreement at the technical level, but also the customization of medium-term measures of relief which make the public debt sustainable. The customization is at the same time a precondition for the participation of the IMF in the Greek program, something I wish particularly Germany and the Netherlands. If you quickly close the deal on a technical level, these countries will not have any pretext to delay the customization of medium-term measures to alleviate, if they want to participate in the Fund the Greek program. “The completion of the agreement is not only necessary for the protection of the economy from the risks of uncertainty, but also as a valuable tool for indirect pressure of the country to its creditors, especially at a time the electoral cycle in these countries work against us.
And for this reason, a good deal today is better than a better tomorrow,” emphasizes mr. Χουλιαράκης.
“We are convinced that the country will be included in the program of quantitative easing by the European Central Bank immediately after the completion of the agreement,” he says.
“There is no doubt that the new policy mix that would result from the simultaneous implementation of restrictive and expansionist fiscal measures, although overall neutral, will result in a charge of some households, and to aid others. Concern of the government is to design policies so as to mitigate significantly the consequences of such a burden, but also the creation of suitable tools so that the benefits of the positive measures for the expansion to be well targeted, be friendly to job creation and to transform in a permanent way the social safety net in the country”, underlines the deputy minister of Finance.