EBEA head: Danger of bankruptcy hasn’t been averted

“Unfortunately, despite the sacrifices, the danger of bankruptcy have not been averted,” the president of the Athens Chamber of Commerce and Indurstry (EBEA), Constantinos Mihalos, said on Tuesday, days before the new year.

In his statement, Mihalos underlines that 2010 was characterised by a deep economic recession, which jeopardises the strength of Greek society, whereas 2011 will be a landmark year for an exit from the crisis.

“In 2010 a great number of enterprises were forced to suspend operation or to move their operation abroad in order to survive. Many work positions were lost,” he said.