07/11/2008 13:26
A government plan to boost liquidity in the banking system will become a very significant factor to funding and supporting the real economy, Greek Economy and Finance Minister George Alogoskoufis said on Thursday.
Speaking in Parliament, during a debate of the government-sponsored plan, Alogoskoufis said the plan had been misinterpreted but without it the economy risked losing even the most mediocre targets set by the European Union over economic growth in the country.
The government was moving forward with a plan to deal with the effects of the financial crisis, a plan ensuring the interest of Greek citizens, economic growth and funding of small- and medium-sized enterprises, along with households. This way we ensure that the Greek economy will not suffer any credit crunch effects,? Alogoskoufis said.
He told Parliament that the Greek state will acquire a lever of pressure to the credit system in order to benefit certain categories of borrowers with special problems, such as unemployed with mortgage loans. ?We are already drafting plans on it,? he said.
The finance minister left the door open for changes and amendments to the plan before its discussion in the plenary of the Parliament.
Speaking in Parliament, during a debate of the government-sponsored plan, Alogoskoufis said the plan had been misinterpreted but without it the economy risked losing even the most mediocre targets set by the European Union over economic growth in the country.
The government was moving forward with a plan to deal with the effects of the financial crisis, a plan ensuring the interest of Greek citizens, economic growth and funding of small- and medium-sized enterprises, along with households. This way we ensure that the Greek economy will not suffer any credit crunch effects,? Alogoskoufis said.
He told Parliament that the Greek state will acquire a lever of pressure to the credit system in order to benefit certain categories of borrowers with special problems, such as unemployed with mortgage loans. ?We are already drafting plans on it,? he said.
The finance minister left the door open for changes and amendments to the plan before its discussion in the plenary of the Parliament.
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