Germans recognize Greece has changed, FinMin Stournaras says

16:54 7/2/2014 - Πηγή: Matrix24

The Germans realize that much has changed in Greece, Finance Minister Yannis Stournaras said after his meetings in Frankfurt with Bundesbank head Jens Vaidman, Deutsche Bank CEO Juergen Fitschen and German entrepreneurs.
“It was a visit aiming to convey to the Entrepreneurs Club

and other interlocutors new data for the Greek economy, both fiscal data and on the external balance and the real economy,” Stournaras told the Greek service of Deutsche Welle adding that “the 2013 recession will be below the 4.0 percent target and the primary surplus is well above the target of 812 million euros.”

“I am here to knock down the stereotypes for Greece,” Stournaras had earlier said in a speech to the Frankfurter Frankfurter Gesellschaft für Handel, Industrie und Wissenschaft (Frankfurt Society for Commerce, Industry and Sciences), according to Deutsche Welle.

The Finance Minister also stressed that Greece has completed more than 85 percent of the fiscal adjustment needed to reduce debt to sustainable levels by 2020 and referred to the progress made in the field of competitiveness. He also called German entrepreneurs to invest in Greece, highlighting the advantages of the country in various fields.

While the German direct investments in Greece are significant, they are still low compared with the potential of the German economy, Stournaras noted emphasizing on the use of renewable energy resources, where Germany has high technical expertise, and on waste management with environmentally friendly technologies.

source: ΑΜΝΑ