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Informal meeting of ECOFIN Council (Wrocław, 16-17/9/2011) – Participation of Greek Finance Minister, E. Venizelos

Government Vice-President and Finance Minister Evangelos Venizelos attended informal Eurogroup and Ecofin meetings in Wroclaw, Poland, on September 16-17. Speaking to reporters following the meetings, Venizelos said he briefed the Council over decisions taken by the Greek government to achieve fiscal targets for 2011 and 2012, and towards reaching primary budget surplus the soonest possible.

Venizelos said that it is a common position within the Eurozone that all decisions taken during the July 21 EU Summit must be fully implemented and stressed that “an international environment has been fuelling uncertainty, which affects the implementation of Eurozone decisions and our policies’ performance, ones aimed at dealing with the debt crisis. This vicious circle must end.” 
Meanwhile, following a meeting of the governmental committee in Athens, yesterday, chaired by Prime Minister George Papandreou , Venizelos said that the Government takes full responsibility for the implementation of the agreed programme, but this responsibility must be also taken by all European institutions, all member-states, because the July decisions, the decisions of the European Council have an existential significance for the Euro Area.
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Invest in Greece: A Leading SE Country

(GREEK NEWS AGENDA)  Greece’s high growth rates along with its economic role and presence in the broader Southeastern Europe region are two of the country’s main comparative advantages that render it an attractive destination for foreign investment, Finance Minister George Alogoskoufis said yesterday. Addressing an event for the relaunching of the Hellenic Center for Investment (ELKE) as the Invest in Greece Agency (www.investingreece.gov.gr), the minister noted that Greece has consistently achieved annual growth rates of around 4% in recent years and is well placed to withstand the upheavals in the global economic system, having significantly reduced its fiscal deficits. He predicted that Southeastern Europe will constitute the economic “miracle” of the next 15 years, due to high growth rates and investment opportunities. Alogoskoufis said new incentives had helped Greece attract more than €8.5 billion in foreign investment in the last two years. Continue reading