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Athens News Agency: News in English, 05-09-05

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

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greek Chambers expect strong economy in 12 months

  • [01] Greek Chambers expect strong economy in 12 months

    Greece's Central Union of Chambers sees "light at the end of the country's economic tunnel" in the next 12 months. Speaking to reporters, after a meeting with Prime Minister Costas Karamanlis and Economy and Finance Minister George Alogoskoufis, George Kasimatis, the Union's president, said he urged the Greek Premier to speed up reform procedures and to disregard any political cost, while he stressed that this policy was an one-way road with one more difficult year ahead in the economy. "The market needs calm and the creation of the appropriate investment climate," he said.

    Kasimatis said more efforts were needed to bring the country's fiscal condition in order, while he urged for speeding-up of a government plan envisaging joint ventures between the public and private sectors, boosting economic growth rates above 3.5 pct, to support exports and tourism.

    "The laws adopted by the government are in the right direction," Kasimatis said, adding more emphasis was needed to support small- and medium-sized enterprises in manufacturing, services and distribution.

    Kasimatis stressed that in 12 months from now Greece would be enjoying a strong economy equal to other European economies. He noted, however, that the next 12 months would be a period of hard work.


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