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Athens News Agency: News in English, 09-09-17

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

From: The Athens News Agency at <>


  • [01] Karamanlis says economy must be shielded

  • [01] Karamanlis says economy must be shielded

    The world economic crisis is not over yet while dangers still exist and what is important is to shield the economy by taking the proper measures in order to protect jobs and the economically weak populations, Prime Minister Costas Karamanlis said in Brussels late Thursday night.

    Addressing reporters at the end of an informal European Union Summit that focused on shaping a common European position in view of the September G20 Summit, the Greek premier said that what is needed is formulating an economic strategy with perspective and realism, the stabilising of public finances and, as regards Greece in particular, the promotion of structural reforms.

    Karamanlis enumerated the six basic sectors on which the EU must place emphasis: The restructuring of the credit system, the restructuring of the role of the International Monetary Fund (IMF), the promotion of a responsible practice of remunerations in the sector of credit, the avoidance of protectionism in trade and the conclusion of an agreement in the Doha round, the reform in the system of represantation and management of the IMF, the greater support towards poorer countries and reaching an agreement at the Copenhagen Conference next December on climate change.

    Regarding the issue of climate change, Karamanlis underlined that Greece wishes the conclusion of an agreement in Copenhagen and remains steadfast on increasing efforts for the decrease of emissions worldwide. He said that Greece is in favour of reforms regarding the IMF noting however that there is no need for big changes in the organisation's board.

    Regarding control of the banking system, the Greek premier said that he supported the increase in international supervision, more transparency and fixing limits regarding salaries in the credit sector.

    Responding to a relevant question on main opposition PASOK leader's position on the Burgas-Alexandroupoli oil pipeline, Karamanlsi said that "the country's signature cannot and must not be questioned," adding that the completion of the project of the pipleine is particularly important for national Greek interests.

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