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PM George Papandreou at Economist Conference

Posted on April 30, 2010 by grpresspoland

(GREEK NEWS AGENDA) Addressing an Economist Conference on the 28th April in Athens, Prime Minister George Papandreou stressed that “we should not let a small spark become a threat for the eurozone.”
[…] “The markets do not always function rationally and tend to evaluate the situation according to the worst possible scenario and not the most probable,” added Papandreou, underlining the government’s political will to proceed with deep and structural changes.
Focusing on foreign policy, Papandreou reiterated his proposal on the accession of the Western Balkans to the European Union by 2014.
Greek News Agenda: Economist Gov’t Roundtable

Filed under: Balkans, Business, Economy, European Union, Government, Greece, Greek Prime Minister, International Relations, Politics | Tagged: accession, Athens, Balkans, changes, Conference, Current Affairs, economist, Economy, Europe, European, Eurozone, foreign, George, Government, Greece, Greek, πρωθυπουργός, πολιτική, συνέδριο, Έλληνας, Ένωση, Αθήνα, Βαλκάνια, Γιώργος, Δυτικά, Ελλάδα, Ελληνική, Παπανδρέου, ένταξη, αγορές, αλλαγές, διαρθρωτικές, ευρωπαϊκή, ευρωζώνη, εξωτερική, κυβέρνηση, οικονομία, markets, Minister, of, Papandreou, Policy, Political, Politics, Prime, Roundtable, structural, The, Union, Western, Will | Comments Off on PM George Papandreou at Economist Conference

PM George Papandreou at the World Economic Forum

Posted on January 29, 2010 by grpresspoland

(GREEK NEWS AGENDA)

Speaking as part of a panel – that also included Spanish Prime Minister Jose Luis Zapatero and European Central Bank President Jean-Claude Trichet – at the annual World Economic Forum taking place in Davos, Switzerland (January 27 -31), Prime Minister George Papandreou said that Greece would not leave the euro area and would use the discipline of membership to slash its budget deficit and make long-delayed structural economic reforms. “The answer is very simple. We went [to the market] for borrowing two days ago and we were five times oversubscribed. We’re not looking for money from anywhere else…” said Papandreou. He outlined an ambitious goal to reduce the deficit by four points this year and bring it below 3% by 2012, through measures taken as part of Greece’s Stability and Growth Programme (SGP)

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The premier held a meeting with EU Economic and Monetary Affairs Commissioner Joaquin Almunia yesterday, and the discussion focused on Greece’s SGP in light of the report that the European Commission will be submitting on February 3, on Greece.
European Commission President Jose Manuel Barroso – speaking in Brussels on Thursday – stressed the need for the greater coordination of economic policies in the EU, emphasising that economic policies are not only a national issue, but European as well. Referring to Greece specifically, he expressed the conviction that the Greek government must be supported in its effort to fulfil its commitments in the framework of the SGP.
See world reports – BBC.co.uk: Davos 2010: Greece denies a bail-out is needed; Reuters.com: Greece says being targeted as euro zone “weak link”

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Greece: Absorption of Structural Funds

Posted on February 9, 2009 by grpresspoland

(GREEK NEWS AGENDA) Greece’s absorption of structural funds from 3rd Community Support Framework (CSF) in 2000-2006 stands at 91%, European Commissioner for regional policy Danuta Hubner announced on Wednesday. The Commissioner clarified that Greece applied for payments reaching €20.9 billion of the €23 billion available. Presenting absorption figures for the 3^rd CSF for all member-states, Hubner said that the Community average also stood at 91%. She expressed hope that the total available funds will have been absorbed by June 30, when the deadline for completing projects using Community funding expires. Greece’s absorption of money available in the structural funds and the EU Cohesion Fund comes to 88%, marginally above the EU average of 87%. Absorption of money exclusively derived from the Cohesion Fund by Greece is 61%, four percentage points below the EU average of 65%. Ministry of Economy and Finance: Management Organisation Unit of CSF; Secretariat General of Information: About Brand Greece, CSF (2000-2006)