Friday April 25, 2014 Search
Weather | Athens
22o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Investments become government's key goal

 PM prepares for China trip as Stournaras says much work still to do despite IMFs adjustment praise

Preferring to focus on the possibility of attracting further foreign investment in Greece, the government on Tuesday played down the significance of the latest International Monetary Fund report on the consolidation program, which continued to provide a source of criticism for main opposition party SYRIZA.

We have a long road ahead of us, said Finance Minister Yannis Stournaras when questioned about the report, which praised Greeces efforts in terms of fiscal adjustment but stressed the need for quicker and deeper changes in tax collection and public administration.

Things are going well, according to plan, but we have a long distance to cover, added Stournaras, who had met on Tuesday with Prime Minister Antonis Samaras.

The premier and his aides felt the IMF report was justification of the course the coalition has followed over the last 10 months but want to underline that there is a changing mood by attracting investment to Greece.

The government was buoyed by the news on Tuesday that German company Hochtief had sold its 26.7 percent stake in the management of Athens International Airport to a Canadian pension fund. Samaras is also keen to come back with trade agreements from China when he visits for five days later this month.

The prime minister stepped up preparations for his trip on Tuesday, when he met with Development Minister Costis Hatzidakis. It is expected that as many as 60 Greek businessmen as well as representatives of the state privatization fund, TAIPED, will accompany Samaras on his visit between May 15 and 19. It is expected that the government will invite representatives of some of Greeces top companies, particularly in the shipping and tourism sectors, to join the prime minister later this month. During the visit, there will be a business forum, where there will be the opportunity for entrepreneurs from both sides to have direct talks.

SYRIZA, however, insisted that the government had no right to feel the IMF report had justified its policies. The leftists pointed out that the IMF made no mention of its error regarding the recessionary impact of austerity polices, or the fiscal multiplier, while the Fund also admitted that Greece would need further debt relief in the future as the program had led to a rise in public debt, rather than a reduction.

ekathimerini.com , Tuesday May 7, 2013 (21:50)  
Veteran leftist Glezos, 91, says standing in Euro elections out of duty
Work at new Athens cultural center gathering pace
Greece makes request for debt relief as loan tranche approved
New court to deal with major crime, graft cases
Ellaktor lands major Doha metro project
Ellaktor subsidiary Aktor has secured the biggest construction project ever obtained by a Greek company abroad by signing the contract for the study and construction of the Gold Line Undergr...
World seeks produce from Greece
Honey from Greece is considered a worthy wedding present in Japan. Elsewhere in Asia, gifts of Greek melons are wrapped up in packaging normally associated with jewelry. This countrys fish ...
Inside Business
SOCCER
4,000 officers to police Greek Cup final
Police says it will ban mass gatherings in central Athens amid heavy security measures planned for Saturday's Greek Cup final between Panathinaikos and PAOK at the Olympic Stadium. More than...
BASKETBALL
Never underestimate the Greek hoopsters
Olympiakos and Panathinaikos, who between them have won the last three European crowns, won again at home on Wednesday to take their Euroleague play-off series with Real Madrid and CSKA Mosc...
Inside Sports
COMMENTARY
At the mercy of fools
The death of a young man at an Easter lunch in a village near Rethymno on Crete and the very serious injury of an American guest at a Resurrection ceremony on Santorini must not be forgotten...
COMMENTARY
Putting the party above the country
The case of Sabiha Suleiman, the Roma activist whose candidacy for the European Parliament was announced by SYRIZA only to be withdrawn shortly afterward, is an illustration of the leftist o...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Veteran leftist Glezos, 91, says standing in Euro elections out of duty
2. Ellaktor lands major Doha metro project
3. World seeks produce from Greece
4. Eurobank opens book for capital increase
5. Govt presents its growth model for the coming years
6. Work at new Athens cultural center gathering pace
more news
Today
This Week
1. Ellaktor lands major Doha metro project
2. Veteran leftist Glezos, 91, says standing in Euro elections out of duty
3. Putting the party above the country
4. Three missing from cargo ship that went down off Crete
5. Central Athens cleanup a sign of Greece's turnaround
6. Strong card in debt talks
Today
This Week
1. Greece startup leaders say they cant break jobless cycle alone
2. Ground-breaking Good Friday mass signals thaw in Cyprus
3. Mayoral candidates clash over Athens mosque plans
4. Putting the party above the country
5. Government looks to kick on
6. Greece offers to help find Turkish F-16 lost in 1996
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.