Supporting businesses is top priority, PM says

Supporting businesses after five years of recession is a top priority for Greece, Prime Minister Lucas Papademos said Friday in Athens.

“The government is trying to do everything possible to make sure that financial resources reach the real economy,” Papademos told a conference. The country’s banks need to play an active role and take responsibility for making the economy move, he said.

The recapitalization of Greece’s banks is a “prerequisite” for this to happen and the European Financial Stability Fund Friday sent 25 billion euros toward the recapitalization which is half of the whole amount that is going to be needed, Papademos said. [Bloomberg] – Ekathimerini.com