ECONOMY

Can Greece be a Balkan tiger?

Greece has the potential to become Ireland’s economic equivalent in Southeastern Europe, given its outward-looking attitude and the prominent role played by the country’s enterprises in regional development, Economy and Finance Minister Giorgos Alogoskoufis said yesterday. «Our country has the potential to become the financial, commercial, educational and cultural center in the broader region,» he told an event at the American-Hellenic Chamber of Commerce on employment. Alogoskoufis said that the labor market was being called upon to find a balance between the European social model and that of the emerging economies. Unskilled labor is facing strong competition from workers in developing countries, he said. «A job security net is needed which will not undermine investment.» Alogoskoufis said national economies had to adapt to international trends and that this required strenuous efforts and the broadest possible social consensus through exhaustive dialogue.

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