Those who foresaw a “credit event” and Greece’s financial destruction were proven wrong once again, the country’s government said on Friday. It reiterated that the Eurogroup will start processing the country’s reform proposals on Monday. Among other things, the government said that the International Monetary Fund was repaid its 310-million-euro installment and interest-bearing T-bills worth 1.4 billion euros were successfully issued. The next two issues in March will also be successful and “the situation is absolutely handleable,” it said, adding that “the Greek side is implementing its obligations.” It mentioned that Greek Prime Minister Alexis Tsipras will visit Paris on Thursday to address the Organization for Economic Co-operation and Development (OECD) on Greek reforms in public administration to fight tax evasion and restore social justice, and he will meet with OECD Secretary General Angel Gurria. He will also meet with European Commission President Jean-Claude Juncker before the Eurogroup to discuss using European funds to address the humanitarian crisis and unemployment. Tsipras has also invited the president of the European Bank for Reconstruction and Development (EBRD) to Athens to discuss how to guarantee the beginning of the bank’s operation in Greece the soonest possible, as EBRD has announced that it will invest 500 million within 2015. (source: ana-mpa)
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