ECONOMY

Papandreou says risk of default lower, not gone

Prime Minister George Papandreou (right) stressed yesterday that the risk of the country defaulting has not yet been averted, as he met with representatives of various employer associations ahead of the opening of the Thessaloniki International Fair next week. Papandreou suggested that the risk has now diminished but that the effort of the whole nation is required to rule out such a possibility altogether. He called on all Greeks to help with a radical reorganization across all social and economic sectors, adding that the country cannot be transformed by 15 or 20 ministers. The head of the Hellenic Federation of Enterprises (SEV), Dimitris Daskalopoulos, attacked people who criticize the memorandum signed by Athens and its foreign creditors, saying the agreement will save Greece from going bankrupt, while the General Confederation of Greek Labor (GSEE) proposed a series of measures to support workers as well as the unemployed.