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Trade with Greece
46
2011 stood at 19.5%, reduced by 0.4 percentage
points compared to the previous year. The trade
deficit as a percentage of GDP stood at 9.1% in
2011, reduced by 3.5 percentage points.
“Exports can continue to be the engine of the
Greek economy's recovery in 2012, and can
show double-digit annual growth rates, especially
now that the PSI scheme has been finalized.
However, the necessary condition for sustaining
this course is the provision of effective state sup-
port to Greek exporters, through the adoption of
SEVE's proposal, according to which the 30 bil-
lion euros that will be used for the banks' recapi-
talization should be primarily channeled to the
real economy, and in particular to productive and
export companies. Moreover, an amount of
approximately 7 billion euros should be ear-
marked for paying the state's debts to exporters”,
as mentioned in a statement by the Exporters’
Association of Northern Greece (SEVE).
In addition, the President of SEVE, Dimitris
Lakasas, pointed out in a recent speech that: “In
today's critical situation, Greek exports are the
Greek economy's only way to growth.
Unfortunately, they have started showing signs of
fatigue, a fact that is attributed to the lack of liq-
uidity. Both the government and the bankers
must, at last, answer this question: do we really
want our economy to have a strong export sec-
tor?”
Tools
The Ministry for Development, Competitiveness
and Shipping intends to cut down on red tape for
exporters, through the “single window” electronic
procedure. This is a digital “one-stop-shop” for
exporters, a single electronic system of informa-