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Development minister meets German FinMin and Vice-chancellor

Development minister meets German FinMin

Talks between German FinMin Wolfgang Schaeuble and Greek Development Minister Nikos Dendias lasted upward of an hour. He also met Vice-Chancellor Sigmar Gabriel.

Theo Ioannou
ΓΡΑΦΕΙ: THETOC TEAM

Dendias said their talks had "covered all issues concerning the Greek economy and the progress of the stabilization program", including taxation issues.

He described the climate at the meeting as particularly friendly and noted that it had also touched on current challenges, such as the repercussions of the crisis in Ukraine on Greece and Europe and the capacity of the German factor to affect this. They also discussed future scenarios concerning the Greek economy and its ability to finally and permanently exit the crisis.

Taxation issues were discussed at length during the meeting, the minister noted, as well as ways in which the Greek economy could operate in a framework with fewer taxes and strong developmental tools for helping small and medium-sized enterprises to be financed and grow.

"At the end of the day, unemployment in Greece cannot be fought if the economy is not working properly, if no new products and new businesses are being created, if liquidity does not move toward the economy, if exports do not rise. The help of the German factor in this direction can and must be significant," Dendias said.

Germany's support for reforms in Greece continues, the German economic affairs and energy ministry said in an announcement released on Tuesday, after a meeting between German Vice-Chancellor Sigmar Gabriel, also Federal Minister for Economic Affairs and Energy, and visiting Greek Development and Competitiveness Minister Nikos Dendias.

The two men agreed to continue cooperation to support the process of reforms and economic growth in Greece, the announcement said, while Gabriel noted that Greek efforts were now starting to yield the first results and "deserve our recognition".

"The Federal Ministry of Economic Affairs and Energy supports this reform process with a series of measures, such as a dialogue between experts in the area of promoting exports and the tourism industry, as well as by providing knowhow for reforms in the area of Renewable Energy Sources. We wish to continue this support and, if possible, extend it wherever this is desired by the Greek side," he said.

He also noted Germany's support for small and medium-sized enterprises and start-ups through a loan program exceeding 100 million euros via KfW to create effective support structures, adding that the Greek developmental bank Institution for Growth will in this way be able to support domestic SMEs financially.

The Greek minister referred to Greece's steady progress toward an exit from the crisis and the very promising results of the current fiscal adjustment and structural reforms programme implemented by the Greek government, though this had required great sacrifices from the Greek people.

"Greece depends more than ever on the cooperation and support of its European friends," he added, thanking Gabriel for the invitation to visit Berlin and exchange views on a series of issues.

"We particularly referred to creating jobs, the liquidity of markets and the issue of SMEs, boosting exports and attracting foreign investments, both on a bilateral and a European level. A common denominator in our talks was our commitment to closer cooperation with tangible results," Dendias said.

Source: AMNA

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