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Monday 23.01.2017 | Name days: Strauta, Grieta
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Estonian opposition parties opposed to potential new Greek bailout

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUEstonian opposition parties have announced this week that they are against guaranteeing the potential third bailout package for Greece, as they consider the repayment unrealistic.

Centre Party acting head Kadri Simson stated her party was against the previous bailout, where Estonia guaranteed loans to Greece, and they are again against any possible new injection. «It is clear that a currently insolvent Greece will not turn solvent after austerity measures,» Simson reasoned.

National conservative Free Party Chairman Andres Herkel announced: «It currently feels like those loans and the money will be written off, to a smaller or larger extent (..). We believe Europe should not carry on helping Greece in such a manner».

Estonia has so far guaranteed around 400 million euros worth of loans to Greece and any new guarantees would need the approval of the Estonian Parliament, ERR reports.

Coalition in favour

Estonian Finance Minister Sven Sester (IRL) explained it is yet uncertain what any new bailout would look like, adding that Estonia would not have to make any new payments to the European Stability Mechanism.

Maris Lauri, an MP from the ruling Reform Party, that Greece must show deeds before any money is handed over and added: «There are certain aspects with which Estonia will not agree with – one is writing off loans, which is a non-starter».

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