Tsipras says government aims at regaining market access within next 20 months
All the above, while simultaneously stamping out corruption "are the only safe way to exit the crisis and supervision," Tsipras said.
"Today we have succeeded in securing the country's economic stability and to finally end the discussion on a grexit," he added, noting that the new deal with Greece's creditors created an indisputably more favourable fiscal framework, with margins to use resources to support growth.
Tsipras stressed that the government's goal was to pave the way for a new economic growth model, one that was progressive and different from that of classic neoliberalism. He said the government's goal was to restore liquidity within the next 20 months, by the first half of 2017, as well as the country's ability to borrow from the markets. He also stressed the need to proceed with the first review of the Greek programme without delay, "even though it contains difficult and in some cases deleterious measures."
A successful conclusion of the review would be the key that unlocked the door to vital debt relief and a bank recapitalisation to protect deposits and clear the banking system of non-performing loans, he said.
Moving forward, the first half of 2016 will be the period when Greece will return to positive growth rates, Tsipras said, adding that after that the government will have the conditions in place to move ahead with the reforms and create an investment-friendly environment.
Discussing Greek lenders, the premier said the banks that will be recapitalized with state funds “will acquire the relevant management”.
Another proposal is the establishment of a special public body to attract investments which will have, among others, the responsibility for the creation of the necessary national framework for developing a growth strategy and for promoting startups. This body, he said, will take up the submission of studies and issuing of the necessary permits for large and complicated investments, as well as oversee and accelerate dispute resolution procedures with the State.
Tsipras also pledged to start a debate for a change in the Constitution and the country’s electoral law, so that the next parliament will be revisional. “This may be the most important legacy of this government,” he noted.
He continued with the four main issues that will be the focus of hard negotiations between the government and its lenders: 1. the problem of non-performing loans for which the government will seek to avoid their transfer to distressed funds and the protection of people’s main residence. 2. The readjustment of the labour market with the restoration of collective labour agreements, as well as the gradual increase of the minimum wage. 3. The fight to keep state-owned power utility PPC and its grid operator ADMIE public and 4. The creation of the new fund for the utilization of state assets.
The prime minister also announced he is suspending the increase of VAT in private education (to 23 pct), at least until the voting of the 2016 draft budget, to give enough time to come up with measures that will produce equal revenues.
Turning his attention to the refugee crisis, he noted the relocation program agreed by the EU and said that the government’s aim is to create five “hot-spots” on the islands for refugees and migrants, unify Interior ministry structures and review Dublin III.
The three-day debate on the government's policy statements will culminate in a vote of confidence in the government at midnight on Wednesday night.
