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Prime Minister Meets with Leading Delegates Concerning Finance

Prime Minister Papandreou’s meeting with Finance Minister  Papantoniou and the Governor of the Bank of Greece  Provopoulos centered on the state budget, deviation in revenues and developments in the banking sector. Earlier the Prime Minister met with the Environmental Minister Tina Birbilis.
Meeting with Environment Minister:
Mr. Papandreou in his meeting with Environment Minister Tina Birbilis, discussed issues of her competence regarding the Thessaloniki International Fair.
After the meeting Ms. Birbilis said talks centered on the forest map while issues related to liberation of the energy field will have been concluded by the end of December.  Ms. Birbilis belied rumours about her candidacy in local administration elections in November.
“Met First targets”
In his meeting with the Governor of the Bank of Greece, the Prime Minister focused on new developments in the Greek economy, the execution of the state budget, while special emphasis was placed in deviation from expected revenues.
Mr. Probopoulos described as encouraging the fact that fiscal data have been placed under control despite the difficulties that still remain. Initiatives on structural reforms have been taken and conditions of a virtuous circle formulated which are expected to bear fruit from now on.
On his part Mr. Papandreou appeared satisfied as the first targets have been achieved. He added that there was more to be done and underlined the government’s determination to bring the feeling of security, certainty and social justice to citizens and the prospect of growth to the country.
“EU Gives Gren Light”
The European Committee announced today that Greece meets the terms for the second installment of the rescue package. The Eurogroup will take the official decision on September 7th.
“In the first half in 2010, Greece achieved to purge its state finances at an impressive level and made rapid progress in big structural reforms” said EU Commissioner for Monetary Affairs Olli Rehn. He, however, added “challenges and dangers remain despite the significant progress. The main challenge is to ensure sufficient liquidity and credit stability in the banking sector in parallel with acceleration of structural reforms plan”.
(source: ana-mpa, net)

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