NATO ally Greece is citing much progress toward righting its deficit crisis.Finance minister George Papaconstantinou says they're confident they are getting there.The main point is the reforms:they finished the pension reform and labor market reform.
It's all about growth now.Greece is making it easier to set up a business.They're beginning to change the sceptics' attitude.They aim to cut the deficit to 7% by 2011.It had been as high as 14%.They are aggressively collecting taxes,changing the culture of tax-evasion.
Norway will invest in Greek government bonds.There is investment interest in tourism,infrastructure and real estate by China and Qatar.Greece needs to build on traditional strengths such as tourism and shipping,as well as new competitive advantages around tech and green energy.
They now need to reinvent themselves.All the Euro-zone has been supportive.Greece has got to change its rules,institutions and behavior,Mr.Papaconstantinou explained.
No comments:
Post a Comment