While the government of Alexis Tsipras is worried about its popularity among the people,
Yannis Stournaras, Greece's central bank governor is more concerned with the facts and figures of the situation on the ground.
The bank has therefore warned that the country’s financial crisis is far from over. It challenged the far-left government over how the country can wean itself off external aid after nearly a decade.
Under a deal agreed on last week the finance ministers of the 19-nation eurozone agreed to push back Greece’s loan interest repayments of a third of its debt by ten years. €15 billion was also disbursed to Athens to help it build a comfortable cash buffer.
On her part, Greece has committed itself to running high primary surpluses of at least 3.5 per cent of GDP to 2022 and 2.2 per cent to 2060. An even tighter supervision regime was also agreed to keep the country from veering off its fiscal and structural reforms.
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