ECONOMY

PM: renewable energy investment a priority for Greece

Greek Prime Minister Lucas Papademos said investment in renewable energy projects, including a 20- billion euro solar-power project called Helios, were a ?national priority? and would spur growth.

?In the last few years talk has centered on Greece?s fiscal discipline,? Papademos told a conference in Athens Tuesday. ?No other OECD country has reduced its deficit by so much so quickly. But fiscal harmonization isn?t enough for development. The energy sector gives Greece an opportunity to become a hub for the European Union and third countries.?

?The Helios project represents viable development and it will enable Greece to become the largest exporter in the EU of clean energy,? he said. [Bloomberg]