Greece does not need a new memorandum, PM Samaras says

Greece has made huge changes in terms of its public deficit and reforms and this was widely acknowledged by all sides, Prime Minister Antonis Samaras stressed on Friday in Milan. The discussion about the country's debt had now moved on to the post-memorandum era, he added.

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Speaking on the sidelines of the European Union-Asia Summit Meeting, the prime minister said “nobody is denying the country's success and if you have paid attention to the latest official statements, no one doubts that, from now on, Greece has the fundamental indices and prospects to move forward.”

“The discussion focuses on how we will move by following the safest way. This discussion is conducted in a systematic way with everybody. Greece has explained that we do not need a new memorandum. The likelihood of a precautionary credit line to protect the country in the case of possible market turbulence at a time when the world economy shows signs of slowdown, is part of the negotiations. In any case, we all agree that Greece will continue on the path of negotiations and fiscal reform,” the prime minister said.