It was fifteen years ago to the day yesterday that we signed our first memorandum, our first bailout package, with the IMF and the European partners. And it was quite, I would say symbolic, having the Greek minister of finance fifteen years later participating in an IMF panel called Pathways to Success.
Unless you create positive tailwinds, you cannot counter the negative headwinds, and this is what we want to do right now vis-à-vis with the whole global economic debate.
Second order effects worry us as they worry every country in the world; a potential American recession and potential European recession obviously touches us and touches every country significantly. Literally some countries are islands; metaphorically, no country is an island.
The relationship that we have between member states of the European Union, it’s less strong than the relationship that exists between states of the United States, bilaterally, in services and manufacturing, etc. So we need to eliminate those barriers. We need to remove them in order to unleash our full potential.
What is the core purpose of the IMF? It’s the lender of the last resort. It should remain so. The way, though, this is structured should evolve.
Kyriakos Pierrakakis
Minister of National Economy and Finance of Greece
Kyriakos Pierrakakis
Minister of National Economy and Finance of Greece
Kyriakos Pierrakakis
Minister of National Economy and Finance of Greece
Kyriakos Pierrakakis
Minister of National Economy and Finance of Greece
Kyriakos Pierrakakis
Minister of National Economy and Finance of Greece