Hellenic American Chamber of Commerce

Hellenic American Chamber of Commerce President Yiannos Grammatidis said on the announcement, last week, of the government's Medium-Term Plan that "the government is continuing not to clash with established minority social interests by not proceeding with the awarding of the management to natural monopolies such as electricity and water supply, maintaining the control of relative infrastructures and to its complete withdrawal from the banking sector.

It is therefore doubtful whether it will achieve the showing of interest by the international investing community in these specific plans."

He added that "there is no doubt that the Medium-Term Plan announced by the government as the continuation of the structural reforms programme in the framework of changing the country's growth model, is considered a positive step."

However, the Chamber discerns hesitation on the part of the government in proceeding with the reforms. It also considers that this hesitation is going along with the lack of growth orientation of the measures announced.

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