Athens News Agency: News in English, 08-09-16

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] PM briefed by FinMin

[01] PM briefed by FinMin

Speaking to reporters afterwards, Alogoskoufis said that the international credit crisis and rise in global inflation have affected Europe, with many European economies finding themselves stationary, if not with negative growth rates, in the second quarter of the year, while inflation has also risen throughout all of Europe, creating a number of problems also for the EU member states' budgets.

Greece has also been affected, but to a very limited degree in relation to most of the other EU member countries, Alogoskoufis noted.

He added that growth was continuing in Greece and remained high, at double the rate of the rest of the eurozone, while there were also substantial positive results in unemployment, which was declining.

There were also repercussions on Greece's budget which, however, had been confronted with the bill recently passed in parliament that also laid the foundations for the 2009 budget, Alogoskoufis continued.

He stressed that the economic policy being followed needed to be continued, referring to the policy of reforms and fiscal adjustment, so that, in the present very difficult conjuncture for the international economy, "the ship called Greece will continue to sail steadily in the direction we all desire, that of raising the standard of living of the Greek citizens".

Caption: ANA-MPA file photo of Prime Minister Costas Karamanlis(R) and FinMin George Alogoskoufis(L).

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