Dutch warning for Athens to stick to targets set by creditors

Dutch warning for Athens to stick to targets set by creditors

The Dutch ambassador in Athens issued a warning on Wednesday to the Greek government regarding the country’s economy and asked Greece to implement reforms.

Addressing the Hellenic-Dutch Association of Commerce and Industry last night, Caspar Veldkamp called on Athens to “continue to adhere to the primary budget surplus targets that have been set by European creditors.”

He said that, “recently, there have been suggestions that Greece might be able to renegotiate its fiscal targets, but I do not see scope for changing agreements made on this matter, and neither does my government.”

The ambassador advised that, “within the present targets, much can be done to find the optimal policy mix of government taxes and expenditures, reflecting what Greek voters want.”

He went on to note that Greece ranks very low in competitiveness charts, and “this is not good enough for a country in the eurozone. Even a country such as Albania is performing better than Greece.”

“I believe further reforms are necessary and possible. Especially in a country that raises its minimum wage by a whopping 10.9 percent, increasing competitiveness by cutting red tape, simplifying bureaucratic procedures etc is important,” he added.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.