ENGLISH

PM cites 'more transparency, responsible measures' as antidote to Greek economic crisis

Δημοσίευση 28 Ιανουαρίου 2011, 08:51 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
PM cites 'more transparency, responsible measures'  as antidote to Greek economic crisis
Facebook Twitter Whatsapp

The Greek problem is more a problem of governance and a lack of transparency, Prime Minister George Papandreou said here on Thursday.

The Greek problem is more a problem of governance and a lack of transparency, Prime Minister George Papandreou said here on Thursday.

In his opening address during a discussion on economic reforms in the European Union, the Greek premier said a year ago people asked if Greece would default.

“We took all measures with responsibility, we did our duty. We emphasised full transparency and already we are one of the most transparent countries in the world. We cut the deficit by 6.0 pct, resolved the pension problem and are opening up closed professions. But markets have not reacted yet,” Papandreou said

He noted that financial system should be more transparent and added that the necessary tools are needed to calm markets.

Commenting on the European Financial Support Fund (EFSF), Papandreou said it should be robust and flexible. Europe is currently debating financial governance, equality and common values, he said, adding that Europe was a large and peaceful project. “We want Europe to be a model of governance and green growth,” he added.

Meanwhile, on the sidelines of the eponymous World Economic Forum in the Swiss resort of Davos, Papandreou met with the forum's president and founder, Klaus Schwab. The latter reportedly praised the Greek PM and people's efforts over the recent period.

Issues discussed included the 2011 forum and the Greek economy, with Papandreou also tabling a proposal for the holding of a European regional forum, possibly hosted in Greece.

PM's meetings at Davos forum

Greek Prime Minister George Papandreou met here Thursday, on the sidelines of the World Economic Forum, with former US president Bill Clinton, former UNSG Kofi Annan and Arab League Secretary General Amr Moussa.

Talks between Papandreou and Clinton focused mainly on energy issues and "green development".

PM speaks to CNN at Davos

Greek Prime Minister George Papandreou expressed his conviction that Greece would exit successfully from the current economic crisis and would become more competitive through structural reforms that are being implemented in the country.

In an interview with the CNN on the sidelines of the World Economic Forum here, Papandreou also noted: "We are changing Greece for the better. We are making a better country. More competitive."

He also ruled out a possible restructuring of the country's debt.

"A restructuring of the existing debt is out of the question. It is not part of our plans," he also underlined.

Regarding the Eurozone, the Greek premier said that member-states "should demonstrate fiscal responsibility...and if we have great debts or deficits we must handle them."

As regards Greece, Papandreou said "we are achieving targets, and sometimes we exceed them. We have decreased the deficit by a clear 6 per cent, which is a great, a spectacular decrease."