A prolonged period of consultation and negotiation with our partners without any clear result and time of completion, and, if there were any maximalistic demands, not taking into account what the creditors' side could give or any unilateral actions, raises the risk of not only creating a funding problem for the country but of derailing the economy, Greek Finance Minister Gikas Hardouvelis said on Tuesday.
Addressing a debate organised by The Economist in Athens, Hardouvelis said any delay in agreeing with the country’s creditors could mean the loss of 7.2 billion euros from loans expected from the IMF and the eurozone, of which 1.8 billion euros were a grant – the return of profit made by the European Central Bank from its portfolio of Greek state bonds.
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