Economy Minister to CNN: We are trying to find the most logical solution for all

"We are trying to find the most logical solution for both sides, a solution that will minimise the losses for the European tax payers," he said among others.

In terms of structural reforms, he made a special reference to the reforms in taxation and public administration and estimated that the Greek government will very soon reach an agreement with its EU partners.

Moreover, he said that he supports the proposal for bonds with growth clause, noting that "growth is the new government's first priority." He also noted that the Europeans of the north have realised that the Greek citizens have many losses as a result of the austerity. "The only mandate we have is get Greece back to work and get the condition of the Greek households, 1/3 of which are below the poverty line, to a better state of affairs.