Task Forse Report Shows Cautious Optimism
On November 17, the Head of the EU Task Force for Greece (TFGR) Horst Reichenbach presented the findings of the first quarterly report on Greek economy and expressed cautious optimism concerning the country’s efforts to consolidate crucial reforms.
Reichenbach outlined three priority areas on which technical assistance is needed. First, growth and employment boosting measures are necessary in order to speed up access to EU funds as well as to create improved business environment and sectoral measures for energy, tourism, agribusiness and waste management.
Secondly, a major action plan has to be devised, involving several Member States and the IMF in the crucial tax, budget and public expenditure areas. And thirdly, the country needs to implement concrete administrative reforms, based on an OECD analysis with possible support from a number of Member States.
On the occasion of the presentation of the first report, European Commission President Jose Manuel Barroso said: "Fiscal consolidation should go hand in hand with the structural reforms needed to transform Greece's growth potential and generate the jobs its people so urgently need.
The Task Force has mobilised offers of technical assistance from many sides, thus demonstrating the unique European endeavour to support Greece in addressing its challenges."
source:http://www.greeknewsagenda.gr
(Friday, November 18, 2011)
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