Democratic Left leader proposes 'debt restructuring'

Democratic Left party leader MP Fotis Kouvelis suggested in the meeting with the prime minister on Tuesday that the country should seek debt restructuring, coupled with the extension of the repayment period and interest rate reduction.
Kouvelis proposed drawing up a 20-billion-euro, five-year developmental programme that will be financed by the European Investment Bank (EIB), the National Strategic Reference Framework (ESPA) and an investment bond issue.

“The Democratic Left believes that anything else does not constitute a response to the major problems,” Kouvelis stated, adding that he will vote down the medium-term programme sponsored by the government. He also said that he disagreed with the prime minister on many issues and recommended that the policy exercised be changed.

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