Thursday, September 16, 2010
Finance Minister George Papaconstantinou held a series of meetings yesterday with international investors and briefed them on the Greek economy and potential investment opportunities, highlighting the brand new legislation draft aiming at facilitating foreign investments.
As part of his roadshow in Europe, Papaconstantinou granted interviews to the economic TV Channel Bloomberg and Reuters News Agency on the measures taken by the government in order to reduce fiscal deficit. He stressed that "so far Greece has cut spending more than planned, though the country may have some shortfall in revenue because it is in a recession." However, he ruled out the possibility of default.
Furthermore, Papaconstantinou confirmed that the government is in the process of designing "diaspora bonds" to be available sometime in 2010, targeting Greeks living abroad.
Kathimerini Daily: Athens Planning "Diaspora Bonds"
