Wednesday, October 8, 2014
Deputy Prime Minister and Foreign Minister Venizelos attended the Hellenic Association of Entrepreneurs conference on October 7. In his speech, titled " The reconstruction of the Greek economy: The path to growth," Venizelos noted that political and institutional stability is of paramount importance for the economic recovery. He further referred to the achievements of the government on the economic field: Greece attained its fiscal goals, a surplus on current account balance (from a 15% deficit) and impressively lower interest rates – the average interest rate is 2.1%. Venizelos added that “we have a debt that is serviceable and sustainable for at least 10 years, confirmed every week by head of the European Stability Mechanism, Klaus Regling."He added that the government had at the same time to make structural changes, to combat tax evasion and the informal economy, while also supporting businesses, covering cash needs, discussing a comprehensive taxation system and last but not least supporting the banking system.
- Foreign Investors in Greek Capital Market
Net capital inflows from foreign investors in the Greek capital market for 23th consecutive month were more than outflows, according to the Monthly Statistics Bulletin for September 2014 of the Hellenic Exchanges - Athens Stock Exchange.
In particular, in September 2014, international investors as a whole accounted for inflows which reached €104.82 million. Overall, the transactions value in September reached €2,195.26 million, an increase by 10.3% since the previous month when transactions value reached €1,990.63 million. This is compared to the same month of the previous year when transactions value was €1,323.67 million there was an increase of 65.8%.