Greek Government Deputy Prime Minister Giannis Dragasakis proposed sanctioning debt restrictions within the framework of the Greek Constitution. Taking part in the first conference of the sub-committee of Greek Parliaments Committee of Economic Affairs focused on debt and debt reduction, he said that the debt process will stretch beyond 2018 as it is unlikely that Greeces European creditors would offer debt relief.
Dragasakis proposal for a constitutional ceiling to debt was based on a model followed by Ecuador. He said that the solution for Greeces debt woes does not lie in the demonization or the blessing of deficits though it is clear that you have a problem when there is borrowing at times of growth, as was t…
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