The overall belief at SYRIZA is that a restructure of the Greek debt must be considered “a given”. The opposition leaders estimate that the renegotiation will occur when Greece is faced with the funding gap of the economy after 2014,regardless of which party is in power.
SYRIZA appears to be this confident based on the comments of SPD’s candidate Peer Steinbrück in the upcoming German elections and the belief that the 22 billion euros that are expected to be generated from privatization by 2018-19 is unrealistic.
On Tuesday SYRIZA MP Giorgos Stathakis spoke to Vima 99.5 FM and explained that based on the pre-election debates in Germany, in 2014-16 Greece will be called to pay back 83 billion euros in interest, not including EU funding and under the provision that this sums come from economy surpluses and privatization.
Mr. Stathakis explained “that is why Steinbrück say Greece will be faced with a greater deficit, about 77 billion. That is what he means, that Greece will be unable to find the money from these sources. So, the renegotiation of the Greek debt must be a given, regardless of which government is around, however bailout-friendly it might be”.
The Opposition MP added that the funding gap can be covered either by a third bailout, which he considers unlikely considering the failure of the Greek example and a “de facto” restructuring of the debt, which in conjunction with alternative funding can make the economy viable again.
