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Foreign Minister George Papandreou...
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EDITORIAL |
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False picture
Parliament begun discussing the budget yesterday. As usual, the verbal clashes between officials of rival political factions will focus on details and subordinate issues while the substance of the grim economic reality, as citizens experience it, will remain off the agenda.
«No one can claim that the economy is not doing well. Anyone who says that the economy is collapsing, is talking hogwash,» the prime minister said during a press conference yesterday, adding that Greece's growth rate in 2002 will hover at 3.5 percent while the EU average is down to 1 percent. |
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COMMENTARY |
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War, prices, interest rates
The imminent threat of war is invariably like having a real, current war. At least, this is what strong market players seem to believe, which is no surprise as their job is to predict the unpredictable and to offset any dangers with other, less harmful ones. In this manner, the economic values which uphold our society can be maintained in equilibrium - a transient one - that allows our economic life to go on. For going on is what counts, regardless of whether things are going well or not. |
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