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Athens News Agency: News in English, 11-01-30

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

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] FinMin: No new increases planned
  • [02] Development minister: Turnabout from recession in Q4 2011 

  • [01] FinMin: No new increases planned

    Vienna (ANA-MPA/D. Dimitrakoudis) -- The Greek government is not planning further increases, such as in VAT rates, because that would not bring in much more revenues, finance minister George Papaconstantinou assured in an interview with the weekend edition of the Austrian newspaper Der Standard.

    He said that Greece has gone through a long and rugged road, and in just one year reduced its deficit by six percentage points while most of the structural changes are progressing or have been materialised, and the country has succeeded in restoring its credibility. (ANA-MPA)

    The main concern, now, is to preserve that foundation, the minister added. (ANA-MPA)

    More details on the subscriber's page of ANA-MPA | Subscription request form

    

    [02] Development minister: Turnabout from recession in Q4 2011

    Regional Development and Competitiveness minister Michalis Chryssohoidis anticipated that Greece will exist from the recession sooner than the predictions of "various mal-intentioned and well-intentioned prophets", in an interview with RealNews newspaper appearing on Sunday, and acknowledged that development had been put on a back-burner in 2010 due to the more pressing threat of default.

    The minister said the government aspires to Greece making the much-sought turnabout in the last quarter of 2011.

    He also said that all the speculation about restructuring the country's debt "is a debate that leads nowhere", while on early general elections speculation he said "it is lacking in content", stressing that "all those who dream of or desire (early) elections should propose alternative policies and viable solutions here and now".

    More details on the subscriber's page of ANA-MPA | Subscription request form


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