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Athens Macedonian News Agency: News in English, 15-10-07

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Q3 estimates much better, FinMin Tsakalotos says
  • [02] Dep.FM Mardas: We will simplify the fast track law

  • [01] Q3 estimates much better, FinMin Tsakalotos says

    ANA/MPA---Finance Minister Euclid Tsakalotos, speaking in Parliament late on Tuesday, appeared optimistic over the course of the Greek economy.

    "The estimates for the third quarter are much better," Tsakalotos said and added "prime minister was based on these estimates when he spoke of return to growth."

    The completion of the evaluation, the recapitalization of banks and the issue of the debt are, according to Tsakalotos, among the government's priorities.

    "The recapitalization of the banks is a very complex problem and it needs to be completed soon, to support the shareholders and ensure that money goes where is needed," Tsakalotos underlined.

    He also referred to the difficulties of the first evaluation, particularly regarding the bad loans, pensions and labour relations.

    "We will try to restore the stability," he stated and stressed the importance of major reforms and cracking down on corruption.

    "We will create a development plan with social justice," he added.

    [02] Dep.FM Mardas: We will simplify the fast track law

    ANA/MPA---Deputy Foreign Minister for International Economic Affairs Dimitris Mardas announced the simplification of the fast track law on attracting foreign investements, in his address late Tuesday to the parliament plenum.

    "We will follow a policy which will bring Greece close to businesses in their place by visiting their countries and not by organising 'fiestas' to present Greece's economic figures," he noted.

    He said that they will focus on the development of spa tourism adding that there is an idea to turn an island, that a research team has named "island of art and philosophy", into a summer Davos to which will be invited all those countries that want to build a lodge in the area in order to serve their congress tourism and more.

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