ECONOMY

US Ambassador urges growth effort

At an annual conference of the American-Hellenic Chamber of Commerce on Wednesday, US Ambassador Daniel Smith reiterated Washington?s backing for Greece?s reform efforts and encouraged the government to persist with its economic program despite the challenges posed by a deepening recession.

?Only reform holds the promise of a brighter and more prosperous future,? he said.

Smith drew attention to the competitive advantages that Greece can further leverage in its efforts to boost growth including the tourism and shipping sectors as well as the country’s potential in renewable energy.

European Union funds constitute a source of liquidity for Greece, the ambassador said.