21 March, 2009
The world is facing a complex economic crisis of "unprecedented" dimensions, one which demands that countries cooperate and remain alert in order to tackle it, Prime Minister Kostas Karamanlis said during a press conference in Brussels on Friday (20.3.2009), at the end of the spring European Council meeting.
For Greece, in particular, he stressed that the country must avoid further increasing its already high public debt and fiscal deficit and defended the measures to increase revenues and curb public spending, announced earlier last week, stressing that these "were emergency measures responding to special circumstances".
Karamanlis pointed out that public debt had been reduced in recent years in relation to the Gross National Product (GNP), adding that he had decided against "shock therapy" to reduce it further. He forecast, also, that Greece would be one of the few EU countries with positive growth in 2009, and that "the country will not enter a period of economic recession".
Referring to the G-20 meeting due to take place in London, the PM said that it should help reform and restore confidence in the global financial system. At the same time, he stressed that cooperation at an EU level remained the main priority as this was, in general, "more efficient".
See also Kathimerini daily (21.3.09) – "More economic measures are not ruled out"
Source: GREEK NEWS AGENDA issued by the Secretariat Genera