The German and Greek finance ministers agreed late Wednesday that Athens must boost its economic growth if the cash-strapped country wants to restore its budget balance.
At a dinner in Berlin Wolfgang Schaeuble and Evangelos Venizelos agreed that an austerity plan voted by the Greek parliament “must immediately be put into action to return Greece rapidly to a healthy economic situation,” the German finance ministry said in a statement.
“But beyond this, other measures to sustain growth must be taken. It is only with a stronger private economy and with private investments that Greece will be able to achieve a balanced budget in the medium and long term,” it added.
This was the first meeting between the two finance ministers since Venizelos’s appointment last month in a crisis reshuffle by Prime Minister George Papandreou.
(source: afp)
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