Greece: Monitoring the Economy

(GREEK NEWS AGENDA)   The newly-established Inter-ministerial Committee on Economic Policy, headed by Prime Minister Kostas Karamanlis, held its first meeting on Friday (9.1.2009). The Committee reviewed the international economic situation and discussed in detail the impact of the global financial crisis on Greece. Speaking to reporters after the two-hour meeting, newly appointed Economy and Finance Minister Yiannis Papathanassiou (in the centre) explained that the committee was set up to render the coordination more effective in order to handle the crisis in the best possible way and constantly monitor the economy so as to adjust policies as required. The committee will periodically examine public finances and will focus on measures to ensure flexibility in adjusting either to what the European Commission calls for or meeting the needs of the local economy.  Kathimerini daily – New minister to scrutinise state of the economy; Greek News Agenda: Inter-ministerial Economic Policy Committee Convenes