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Athens News Agency: News in English, 09-01-15

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

From: The Athens News Agency at <>


  • [01] PM chairs Interministerial Committee

  • [01] PM chairs Interministerial Committee

    Prime Minister Costas Karamanlis on Thursday chaired a meeting of the Interministerial Committee on Economic Policy he recently set up.

    All forecasts for the EU countries regarding the real economy are adverse, in the midst of the current immense global financial crisis, national Economy and Finance minister Yiannis Papathanassiou told reporters after the meeting.

    He stressed that the government was on top of the developments, adding that one of the issues that impacted the real economy was that of liquidity (cash flow), stressing that it was now time for the banks to roll over the liquidity (injected into the banking system under the government's 28 billion euros plan) to businesses and citizens.

    The minister explained that the government, in cooperation with the country's central bank, the Bank of Greece (BoG), would exercise "systematic and stringent checks" to ensure that this liquidity would indeed reach the real economy. "It is time for each and everyone to take up his share of the responsibilities," Papathanassiou stressed.

    The minister announced that he would meet on Friday with the Association of Greek Banks to discuss these matters while, to a question on the downgrading of Greece's credit rating by Standard and Poor's, he stressed that "the government's target is to boost the real economy on the one hand, and on the other fiscal balance", adding that this would be outlined as well in the updated Stability and Growth plan to be submitted to the EU.

    Caption: ANA-MPA file photo of Maximos mansion (government's headquarters)

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