Reform blueprint gets EU nod
Greece's creditors on Tuesday sent multiple messages to the government, on issues including the need to cover the country's investment gap and strengthen growth through healthy forces - not zombie companies - as well as the fact that the country must return to fiscal discipline at some point.
The conference organized in Athens by The Economist focused particularly on the future of the Greek economy, with the representatives of the country's European creditors expressing concern over Greece's capacity to efficiently absorb the resources from the Next Generation EU fund. The government response at the conference was to acknowledge this is a Herculean task.
European Stability Mechanism chief Klaus Regling told the conference that Greece needs investments to cover the gap from the years of the crisis, noting that so far the pace of investments lags the EU average rate....