New Democracy urges measures to boost market liquidity

Main opposition New Democracy on Friday urged the new finance minister Evangelos Venizelos to immediately take measures to boost liquidity in the markets while noting that ND did not expect him to substantially change the policies of his predecessor.
ND spokesman Yiannis Mihelakis called on Venizelos to immediate take five steps that would direct more funds to the real economy. Among these he listed:
Launching an initiative to use the capabilities offered by the European Investment Bank and the World Bank;
Once again setting in motion major concessions projects, such as the five major highways that were virtually stalled;
Speeding up absorption of National Strategic Reference Framework (NSRF) funds;
Proceeding to offset business debts to and from the public sector (taxes versus VAT refunds);
and take steps to continue the provision of guarantees to the Greek banking system from the European Central Bank for at least another year, so that these funds might reach the real economy.
"All these actions have to be done immediately in order to give the necessary injection of liquidity into a market that needs it vitally," Mihelakis stressed.

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