Mitsotakis, ND officials rebuff suggestion of credit line

PoliticsGreek Politics Tags: ESM, Mitsotakis, New Democracy
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

Kyriakos Mitsotakis and senior New Democracy officials have distanced themselves from the suggestion that if their party wins the elections it will apply for a precautionary credit line from the European Stability Mechanism (ESM) and use at least part of Greece’s cash buffer to help banks deal with their non-performing loans.

The suggestion was made in a radio interview by New Democracy candidate Babis Papadimitriou, who recently left journalism to stand for Parliament with the centre-right party. Papadimitriou, an economic commentator in Kathimerini newspaper and on Skai TV...

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