Greece Drafting New Growth Strategy, Economy and Dev't Minister Says

Greece drafts its own growth strategy following the completion of the bailout programme, as the country regains more autonomy in determining and implementing an economic policy, Yiannis Dragasakis, deputy PM and and Economy and Development Minister said on Monday.

In a statement, Dragasakis noted that "in a period of intense international volatility, expanding imbalances and trade wars, a national plan is a fundamental policy obligation and a duty towards citizen and the future generations." He stressed that a "National Democratic Planning is a necessary tool to exploit the country's comparative advantages. It is the country's defense against uncertainty and external risks, against vested interests, a shield in the hands of society and especially of the weak against the rule of power and market failures."

Dragasakis said the basic priorities set by the government for the day after the memoranda are: a strong, sustainable and fair growth on a renewed basis and with holistic content, attractive foreign investments and boosting domestic investment activity, creating several and quality job positions and drastically reducing unemployment, drafting a new social state and combating imbalances and a radical resolution of structural problems.