Athens News Agency: News in English, 00-01-20
CONTENTS
[01] Simitis - Parliament - Euro.
[01] Simitis - Parliament - Euro.
19/01/2000 22:02:59
The boost to the Greek economy from the recent 3.5 percent revaluation of the drachma's central parity against the euro will contribute to a rise in the incomes of Greek workers, Prime Minister Costas Simitis said in response to a parliamentary question on Wednesday.
"As in the case of the government's policy of stabilisation and growth of previous years, which led to a rise in workers' incomes, the revaluation of the drachma will give a boost to the Greek economy, leading to a further rise in incomes," he said.
The prime minister dismissed criticism of a reduction in competitiveness as a result of the revaluation.
"Competitiveness today is not determined so much by price as by quality, technology, the linkage between internal and external market, infrastructure, public services and a series of other factors," he said.
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