While addressing a conference held by the American-Hellenic Chamber of Commerce, Tsakalotos explained that the timetable of the Greek government includes the recapitalization of the Greek banks and a positive outcome in the first evaluation of the legislative work on the latest deal between Greece and its creditors. Once these two prerequisites have been met, Greece plans to present the institutions with a new investment friendly “map” of the country aiming at reversing the negative outlook of the Greek economy and its prospects.
E.Tsakalotos explained that investments in Greece have been delayed because, as he said: “when someone has the money, and wishes to spend or invest them in Greece they wait because the fear of a Grexit has not been lifted”. “It is crucial that Greece knows the rules of the game and that these rules apply to everyone”.
The Greek FinMin accepted that there are signs of “reform fatigue”. not only in Greece but in other EU countries as well. He suggested that people should start seeing results; they should start seeing “light at the end of the tunnel”. He also criticized the first Syriza-Anel government for not doing enough, or on time, against tax evasion and corruption.
“If there is to be hope, we need a new equilibrium between the social and the financial sides of the deal” he stated. Many times during his speech, the FinMin called on the social momentum as a necessary aid for the Greek economy to change its course.