CLEAN: Greek debt restructuring 'not an option': finance minister

The video discusses the fear and uncertainty in the market, particularly concerning Portugal's access to the EU facility and the potential for normalization. It emphasizes that restructuring is not an option due to its high costs, and highlights the importance of debt sustainability and economic growth. The fiscal strategy focuses on structural efforts rather than horizontal cuts or tax increases. The goal is to reduce the deficit while supporting economic recovery, with a focus on long-term sustainability and responsible fiscal management.

What is the main reason given for not considering restructuring as an option?

• It would take too long to execute.

• It is not supported by the EU.

• It is too complex to implement.

• The benefits do not outweigh the costs.

How has the European Council's decision impacted debt sustainability?

• By restructuring existing debt.

• By increasing interest rates.

• By lowering rates, making debt more sustainable.

• By providing additional loans.

What is emphasized as crucial for economic recovery?

• Imposing additional measures.

• Supporting growth without excessive measures.

• Increasing taxes.

• Reducing public spending.

What is the primary focus of the medium-term fiscal strategy?

• Cutting wages and pensions.

• Increasing tax rates.

• Expanding public employment.

• Reducing the deficit through structural efforts.

What is required for tax compliance according to the fiscal strategy?

• Voluntary contributions.

• Tax exemptions.

• Adherence to the law.

• Negotiated settlements.