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GreekReporter.comGreek NewsEconomyPresident of Industrialists of Athens & Pireaus: Greek Economy Entered Vicious Circle

President of Industrialists of Athens & Pireaus: Greek Economy Entered Vicious Circle

The Greek economy has entered a vicious circle that will be very hard to exit, president of the Association of Industrialists of Athens and Piraeus Dimitris Mathios warned.  He delivered his claim in a circular message to the association’s members.
This was due to the fact that measures taken by the government are apparently failing to halt the recession into which the country has already fallen.  On the contrary, could very well entrench the Greek economy into a dangerous form of stagflation.

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