This week will be critical, said Greek FinMin Evangelos Venizelos at the Economist conference, while he forecasted that recession will reach 5.5% in 2011.
Greece is not Eurozone’s catalytic problem”, he said, adding that if Europe fails to tackle the Greek problem, it would be forced to find solutions on much larger problems.
“We face constantly new challenges, but unfortunately a negative stereotype of Greece prevails at the international level, questioning the country’s ability. We must convince that we have the determination and commitment do meet our obligations, Venizelos, also Deputy Prime Minister, stated.
He set cost cutting as top priority in 2012. “Now is the time to make historical decisions. If we do not make it coordinately, then we would be forced to do so under much worse conditions”, he stressed.
Greece cannot delay further in implementing privatization, said the Minister, who agreed with IMF representative that the Greek government proceeded with new taxes under great pressure. “This injustice would be remedied by the new single tax system”, he concluded.
(source: capital)
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