ECONOMY

SEV urges Europe to take stock

Hellenic Federation of Enterprises (SEV) president Dimitris Daskalopoulos on Wednesday urged Greece?s European Union partners to take into account the painful social impact of the necessary structural changes which the country has to adopt.

?Economic targets and the measures for their attainment have a direct impact on the lives of people who do not possess the will or the ability to change the pace dictated by ruthless economic rationalism,? he said during a meeting with a team of 35 visiting German journalists.

Daskalopoulos expressed the view that the Greek private sector and society are paying the price of the reluctance of the political class to reform the state, but he also said that the EU was not devoid of responsibility. ?This country has been the guinea pig of a communal Europe that was structurally unprepared for similar crises?.

He pointed out that Greece has taken painful and important steps in the last 12 months. ?There is no other country that reduced its deficit by more than 7 percentage points of GDP in the midst of a recession, and cumulatively by 10 percent in two years.?