Greece to win in solving economic crisis: minister

07:36, April 30, 2010      

Email | Print | Subscribe | Comments | Forum 

The bet to solve the Greek economic crisis is tough, but it is open and Greece can win it, despite the opposite projections by foreign analysts, Greek Economy Minister Louka Katseli said on Thursday.

Addressing the 14th Roundtable with the Greek government by The Economist in Athens, Katseli expressed the Greek government's determination to proceed quickly on the implementation of the necessary drastic reforms to cut a big budget deficit that has spread anxiety beyond borders and restart growth.

Katseli announced that the new bill on development will be ready by this June and Greece will focus on a strategy to boost growth.

"We are called upon today to achieve an unprecedented fiscal adjustment in the following years, saving more than 25 billion euros (33.1 billion U.S. dollars) maintaining social cohesion at the same time and focusing on development," said Katseli.

Referring to the advantages of Greece, such as the geographical position, the renewable energy sources and a strong shipping industry, she noted that despite the negative climate there is still a strong interest by foreign investors who seek opportunities in the midst of the crisis.

Katseli presented the government's strategy on boosting growth the following months, focusing on the simplification of procedures to establish businesses, on the better management of Greek public and European funds and the support of the market.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion