Prime Minister George Papandreou, speaking to reporters at the Maximos Mansion on Tuesday, stressed that the strategy for the economy will not change and the government will proceed on the basis of what it has announced.

Papandreou said that he does not fear a rejection of the stability and growth programme which the government will be submitting to the European Union in January, adding that the Greek economic problem differs from that of other countries and expressed optimism that the government will succeed in its effort.

The prime minister noted that Greece's problem is mainly due to the squandering of resources that were not directed towards growth, but to such programmes as the "stage" and to corruption.
He also referred to the banks and pointed out that although they have been financed they did not channel the money to the real economy, but preferred to close some holes of their own and to fund very specific companies.
He also said that inflation is no problem for Greece, while replying to a question on whether there is a case of VAT increasing, he said that no such suggestion has been put to him by the finance ministry.

Source: Athens News Agency

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