ECONOMY

Minister Giorgos Alogoskoufis…

Economy and Finance Minister Giorgos Alogoskoufis (right), being greeted by Michael Oxley, chairman of the US Congressional Committee on Financial Services in Washington yesterday. Alogoskoufis, heading a Greek delegation, is due to address the joint conference of the International Monetary Fund and the World Bank today. Speaking at an event of the European Institute yesterday, he said Greece – with its experience in the eurozone, its strategic geopolitical position and current reform program – can play a decisive role in development efforts in the Balkans. Alogoskoufis noted that Greek investment in its three northern neighbors – Albania, the Former Yugoslav Republic of Macedonia and Bulgaria – outstrips that of any other country. Greece is becoming an increasingly attractive place for investment and its growth rate is far above the EU average, he said.