B
ut the picture is broader. In order to
achieve this recovery and attract new
investment, the following prerequisites
need to be met: First, monetary security; second,
the provision of liquidity to the real economy;
third, structural changes, of course; fourth, a dif-
ferent mentality, which will facilitate investment;
fifth, the creation of catalysts for development,
which will enhance the comparative advantages
of our country and attract the interest of investors.
The decisions of the Eurogroup, regarding the pro-
vision of our country with aid amounting to €52.5
billion, helped us achieve monetary security and
are expected to significantly contribute to the pro-
vision of liquidity to the real economy.
In order to further boost liquidity, the Ministry of
Development is called upon to materialize an
ambitious plan, pumping into the economy, for the
current year, NSRF funds amounting to €3.89 bil-
lion, mobilizing agreements with the EIB (of
approximately €1 billion), granting payments
(exceeding €600 million) from the Investment
Law, and freeing money from the Hellenic Fund
for Entrepreneurship and Development in order to
reverse the negative climate in the market.
In regard to structural changes, our aim is to
transform our country from a “red tape” country,
riddled with bureaucratic obstacles to investment,
into a “red carpet” country, decisively helping and
supporting investors.
To this end, we have already formulated the
National Strategy for Enhancing Exports, in order
for the characteristics of extroversion of the
Greek economy to be activated.
Trade with Greece
20
Growth in Greece:
The road ahead
By Notis Mitarachi,
Deputy-Minister of Development
The strong political willpower shown by the
government in closing the package of
measures and reinstating monetary
stability is now creating the necessary political
environment for our country to make the
required structural changes. Changes not
initiated for decades must take place now, to
bring change to the country’s productive
model and existent mentality, with a final aim
of bringing the country back to growth.
