Athens Chamber of Commerce and Industry (EBEA) President Constantine Mihalos on Tuesday stressed that the policy implemented in Greece to lead the country out of the crisis is “ineffective and offers no prospect for the future”.
In response to the 2010 fiscal deficit figures released by Eurostat, Mihalos pointed out that “the erroneous policy mix followed by the government leads to the deterioration of fiscal figures, persisting inflation, closure of enterprises, smaller incomes, increased unemployment and dissolution of social cohesion.”   
 
Mihalos stressed that the government should cast aside the ineffective negotiations with Greece’s creditors and take action based on the real needs of the Greek economy and society.