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.”