Development, Competitiveness & Shipping Minister Mihalis Chryssohoidis focused on prospects of the Greek economy, in an interview with the euractiv.com portal.
Chyssohoidis stated that austerity is necessary but not sufficient, adding that it is important that the country not be trapped in a fiscal quagmire.
He pointed out that the government is determined to reduce the deficit and implement its decisions, adding that deficit has already been reduced 5 pct in 2010 and that the medium-term fiscal strategy voted in early July will be fully implemented.
Chryssohoidis stressed that in order “to overcome the crisis, Greece needs not only a bail-out, but an economic revival plan. We have already implemented a national strategy on rebalancing growth for the business sector. So far we have had impressive results in the field of exports, where there has been a spectacular increase by 11 pct in 2010 and 40.4 pct in the first semester of 2011.”
“The business environment in Greece is changing at a rapid pace,” Chryssohoidis said, adding that “we are transforming the country into a business-friendly economy.”