Tsipras: This is how we will bring investment in Greece

Tsipras: This is how we will bring investment in Greece

Athens, December 15, 2015/Independent Balkan News Agency

By Spiros Sideris

The prospects of Greek economy and strategic planning for their fulfillment presented the Prime Minister of Greece Alexis Tsipras of the television message to the 17th Annual Capital Link Invest in Greece Forum.

“We negotiated hard asking for real reforms that would promote growth and will not shrink the dynamics of our economy. We have achieved a compromise agreement that includes for the first time lower budgetary targets, more european investment funds and a clear commitment to debt relief”, says in his message the Prime Minister, adding that these three factors are crucial steps “to restart the economy and to tackle unemployment, which threatens social cohesion”.

The Prime Minister referred to a series of drastic reforms and changes implemented to create a stable and investment friendly environment, such as tax reform and the fight against tax evasion.

“We are creating an anti-bureaucratic legal and operational framework for investment, we implement radical reforms in public administration to combat corruption and the promotion of meritocracy and evaluation. We are creating synergies between the public and private sectors. We take steps to reform the judiciary, upgrade and modernise the bankruptcy laws”, Alexis Tsipras stressed.

The Greek prime minister also referred to the successful recapitalization of the greek systemic banks “by attracting private investors” and predicted that it is expected that GDP will return to positive territory in the second half of 2016.

At the same time, “the imminent lifting of the waiver and the expected integration of greek bonds on the ECB’s quantitative easing program in 2016, will give us the impetus to return (Greece) again on the capital markets”, added Alexis Tsipras.

The Greek prime minister also referred to the geostrategic position of Greece, which highlights it in an energy and transit hub. In the energy sector, oil pipelines, natural gas and green energy is expected to attract a high level of investment, while infrastructure and transit projects are important for Greece, he stressed, adding that a number of public investment series in infrastructure will start immediately. The Prime Minister further said that there are funding opportunities for public and private investment through the so-called Juncker Plan, but that Greece is also “open to attracting new investements”.

In tourism, Alexis Tsipras discussed the upgrading of existing infrastructure and urban planning, which will pave the way for new investments in various forms of tourism, such as luxury tourism, medical and alternative forms of tourism.

“Recognising our weaknesses, we try to transform them into strengths and opportunities. We exploit our comparative advantages. This is why we urge you to trust Greece. We invite you to trust us”, concluded Alexis Tsipras.

Tsipras to be in Brussels on Thursday for the European Council meeting

In Brussels, to attend the meeting of the European Council, will be found next Thursday and Friday the Greek Prime Minister Alexis Tsipras, who will have private meetings with the Turkish Prime Minister Ahmet Davutoglu and the British Prime Minister David Cameron.

The Prime Minister’s program includes a private meeting with Davutoglu on Thursday at 10:20, and at 11:00 he will participate in a meeting of EU member countries with Turkey.

At 15:30 Tsipras will have a private meeting with Cameron, while at 16:00 begins the European Council meeting.

On Friday, continue the works of the European Council Summit.