Finance minister warns of accidental Grexit after polls
Athens
GREECE could stumble out of the euro by accident if a new government fails to reach an agreement with international creditors soon after this month's election, Finance Minister Gikas Hardouvelis said.
The main challenge facing whichever government emerges from the Jan 25 vote will be to close the stalled review of Greek progress in meeting the terms of its financial rescue by the euro area and International Monetary Fund, he said. If that government is led by Syriza, it would be "prudent" to reverse its stance and negotiate an extension to the bailout before the aid supporting Greece expires on Feb 28, Mr Hardouvelis said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Iran using Malaysian providers to bust oil sanctions: US official
China’s central bank adds more gold to its reserves in April
Wall Street bonuses to rise this year as deals return, says report
Bank of Japan to scrutinise yen moves in guiding policy: Governor Ueda
A look back on three decades of change in liner shipping
Apac finance M&A to stay subdued after Q1 decline as uncertainties linger: S&P Global