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(19 May 2015) Market anxiety eased in Greece on Tuesday after the country's finance minister said he was confident of reaching a deal with bailout creditors as soon as next week. At a conference in Athens, Finance Minister Yanis Varoufakis suggested thatt those in the "official sector" must find a way to restructure an otherwise "un-payable debt," as happens in the private sector. Greece's new left-wing government have struggled to agree on a list of reforms that creditors have demanded in return for bailout money that Greece needs to avoid defaulting on debts due in June. Indepedent economist Vagelis Agapitos welcomed the recent positive reaction of the market and said that his "worst-case scenario" was a short-term bankrupcy that would not necessitate a Greek exit from the Eurozone.
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(19 May 2015) Market anxiety eased in Greece on Tuesday after the country's finance minister said he was confident of reaching a deal with bailout creditors as soon as next week. At a conference in Athens, Finance Minister Yanis Varoufakis suggested thatt those in the "official sector" must find a way to restructure an otherwise "un-payable debt," as happens in the private sector. Greece's new left-wing government have struggled to agree on a list of reforms that creditors have demanded in return for bailout money that Greece needs to avoid defaulting on debts due in June. Indepedent economist Vagelis Agapitos welcomed the recent positive reaction of the market and said that his "worst-case scenario" was a short-term bankrupcy that would not necessitate a Greek exit from the Eurozone.
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| (19 May 2015) Market anxiety eased in Greece on Tuesday after the country's finance minister said he was confident of reaching a deal with bailout creditors as soon as next week. At a conference in Athens, Finance Minister Yanis Varoufakis suggested thatt those in the "official sector" must find a way to restructure an otherwise "un-payable debt," as happens in the private sector. Greece's new left-wing government have struggled to agree on a list of reforms that creditors have demanded in return for bailout money that Greece needs to avoid defaulting on debts due in June. Indepedent economist Vagelis Agapitos welcomed the recent positive reaction of the market and said that his "worst-case scenario" was a short-term bankrupcy that would not necessitate a Greek exit from the Eurozone. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: https://twitter.com/AP_Archive Facebook: https://www.facebook.com/APArchives Instagram: https://www.instagram.com/APNews/ You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/9459c1b5600e2ce4dbc7ac1ab18a4c1e |