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Greek Economic Outlook

(GREEK NEWS AGENDA)    Prime Minister Kostas Karamanlis addressed the general assembly of the Federation of Greek Industries on Tuesday, and stressed the need for the creation of a powerful front against phenomena of profiteering and fraud. The premier called on the business world to combat inflation, to see to it that products “reaching consumers are high quality but with low prices and prove in practice that a free market does not mean an unaccountable market.”  Karamanlis emphasised that the main targets of the government’s policy are the creation of necessary conditions to increase wealth produced, the tackling of unemployment and the fairer distribution of social dividends.   He also stressed that he shall “continue the policy of reforms which have shielded the economy to a considerable degree, secured high growth rates and are restricting unfavourable repercussions.” Lastly, the premier said that “the latest assessments by the European Commission certify that growth will continue in our country with rates that are double the average of the eurozone, employment will increase by more than 1% per year and unemployment will continue to fall.”  Continue reading