Greek industry calls for growth measures, political consensus

Greek industry calls for growth measures, political consensus

The necessary steps to get the Greek economy growing again after the completion of the bailout review are achieving political and social consensus on the implementation of the bailout agreement, establishing growth-oriented measures to offset the austerity interventions, reforming the obsolete social security legislation, and redefining labor relations through open dialogue, according to Greece’s industrialists.

Speaking on Wednesday at a press conference about an industrial conference set to take place on May 24 and 25, the head of the Hellenic Federation of Enterprises (SEV), Theodore Fessas, went on to express optimism regarding the Greek economy’s prospects and acknowledged that the completion of the review paves the way for stability that can attract foreign investment, which is essential for the country to return to growth, as “Greek investments are not enough and there are no loans around.”

Fessas added that the impact from the new tax measures could be offset through “structural moves and pro-growth counterbalancing measures” and expressed certainty that “with the progress of fiscal adjustment, unfair or irrational measures will be revised, always in the context of the European Union.”

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