Greek Economic Stabilisation Is Gov't Next Target, Tzanakopoulos Says

Greek Economic Stabilisation Is Gov't Next Target, Tzanakopoulos Says

The government targets for the next day is the stabilisation of the Greek economy and the increase in minimum wage, government spokesman Dimitris Tzanakopoulos said on Thursday in an interview with the public broadcaster ERT.
Asked on the possibility of pensions' cut, he said that it depends on the country's fiscal situation, which is stable. "The cycle of measures has closed," he said.
Speaking about the competitiveness of the Greek economy, he said raising the minimum wage would support competitiveness. The main problem, he said, is country risk, until now the Greek companies that competed with foreigners had to borrow 7 pct - 8 pct more. With the exit from the memorandum, he said, this "huge gap" in borrowing costs has already begun to close.

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