Gov't has no margin for failure, market says

Employer associations were reserved in their responses to the formation of the new government on Thursday, stressing that there is absolutely no room for another failure.

“At this juncture, the major objectives are not dictated by party politics but by the nation’s interests,” warned the president of the Federation of Enterprises and Industries (SEV), Dimitris Daskalopoulos, adding that “the country cannot afford another governmental failure.”

The head of the National Confederation of Greek Commerce (ESEE), Vassilis Korkidis, similarly stressed that “the new government has no right to fail,” while asking for speed as “any gift of an extension to the fiscal adjustment we may get from our peers should be rolled on to the real economy by the new government.”

Yiannos Grammatidis, the president of the Hellenic-American Chamber of Commerce, called for less publicity and more work, along with putting the benefit of the country above personal interests. He said the new government’s priorities should be to draft a realistic blueprint for talks with the country’s creditors, to take measures in support of small and medium-sized enterprises and to speed up privatizations and structural reforms.  

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