Athens News Agency: News in English, 08-11-26

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

CONTENTS

[01] PM:Global crises require global solutions

[01] PM:Global crises require global solutions

On Tuesday evening, Karamanlis outlined the main aspects and goals of the Greek Action Plan to tackle the monetary crisis, during his address at the 19th annual conference of the Hellenic American Chamber of Commerce on Tuesday night.

Karamanlis sent clear messages to bankers, businessmen, trade unionists and the opposition parties, calling on them to rise to the occasion, to place "us" in the place of "I" and to "consider what more can we offer."

The prime minister assessed that what is worse about the crisis is that it has no visible end and nobody can make a secure evaluation today nor of the duration, or of the intensity or of the trend that it might take, while stressing that the Greek economy's endurance in the face of the crisis vindicates the government's economic policy.

He made a brief account of the phenomena that led to the crisis and noted that now it has beeen conveyed rapidly to the real economy and has caused a vicious circle of interreactions in all economic activities in all the economies of the world.

"The global crises require global solutions," the prime minister said and emphasised that the eurozone is already on the threshold of recession and the Commission's predictions for 2009 are very pessimistic.

"Despite all this, the Greek economy, strengthened by the reforms of the past five years has proved, and is continuing to prove, stronger endurances, compared to many others," he said and stressed that "this truth vindicates the policy of the past years, on the one hand, and dictates an intensification of efforts on the other."

The prime minister further said that what is necessary are responsible policies and a deep sense of political and social responsibility.

Caption: Prime Minister Costas Karamanlis address at Hellenic American Chamber of Commerce Conference

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