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Athens News Agency: News in English, 08-12-19

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] FinMin on 2009 budget

  • [01] FinMin on 2009 budget

    Finance and Economy Minister George Alogoskoufis, speaking in Parliament on Friday during the discussion on the 2009 state budget, said that the 2009 budget is being prepared in the middle of an unprecedented crisis, with the European Commission itself revising its predictions twice.

    The minister further said that the repercussions are serious for the Greek economy as well, but they would have been even more serious if it had not been for the structural reforms that the government is implementing.

    Alogoskoufis pointed out that the international economic crisis is affecting Greece, but less than other European countries, since the monetary adjustment in 2004 and the structural reforms that followed have shielded the Greek economy to the extent that "the Commission officially predicts a much better course for it in the next year."

    He went on to say that "in conditions of uncertainty, such as the current ones, what is of importance is not so much the stability of predictions but the stability of targets and of policies."

    Lastly, Alogoskoufis stressed that "the target is difficult. I wish, however, to make it clear that Greece will continue to pursue monetary discipline. This is a clear message in every direction."

    Athens News Agency: News in English Directory - Previous Article - Next Article
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