"We will exit the crisis in mid 2014"

 (It was 2012 before, you remember?)

 

There is no hope to find a way  out of the unprecedented economic crisis experienced by the Greek society, and it seems that it is doomed to spend another three hard years in it.

This message was sent by the Deputy Prime Minister and Finance Minister Evangelos Venizelos, on Tuesday night, who, however, was categorical towards the fact that there is no issue of collateral securities in order to ensure the coverage of the country’s borrowing needs.
Speaking in a financial conference in a central Athens hotel, Mr. Venizelos stated: “ Our target is for the country to exit the crisis in 2014”.

This particular goal is clearly consistent with the descriptions of the Medium-Term Plan, but the re-invocation of Mr. Venizelos is obviously important, especially as it all comes after a tragic day for the ASE and a few days after the  unprecedented recession announced for the second quarter.

The Finance minister, however, was categorical that there is no talk of collateral securities for loans. “We managed to get any harassing and insulting requests of guarantees out of the way”.

He added that the discussions taking place with the partners are purely financial in nature. All that took place a few hours after the German Labour Minister’s statements over loans with guarantees based on gold reserves, and while Berlin sources made mention that her statements were not the official stance of the German government.