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Greek enterprises unveils package of measures to boost economy

03 February 09 | D. Daskalopoulos
D. Daskalopoulos

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The Federation of Hellenic Enterprises, Greece's largest employers' union, on Tuesday proposed a package of measures aimed at dealing effectively with a financial crisis, including supporting -socially and financially- vulnerable groups of the population, protecting employment, rekindling the economy and promoting the necessary structural changes in the country.

The Federation of Hellenic Enterprises, Greece's largest employers' union, on Tuesday proposed a package of measures aimed at dealing effectively with a financial crisis, including supporting -socially and financially- vulnerable groups of the population, protecting employment, rekindling the economy and promoting the necessary structural changes in the country.

In a letter sent to Economy and Finance Minister Yiannis Papathanasiou, Dimitris Daskalopoulos, president of the Federation, stressed the need for an integrated long-term program to boost the economy, instead of semi-measures and circumstance policies, while he noted that dealing with the crisis needed the fundamental participation of all social partners in drafting a new policy and implementing the measures.

In his letter, Daskalopoulos, said the crisis would be deep and would last long, adding that Greece was particularly vulnerable to the negative impact of the crisis since its fiscal condition limited the scope of new measures. He stressed that one-off benefits offered to certain groups of the population could undermine the country's social cohesion and its future. "Current conditions dictate for a mixture of economic policy with direct measures for social support and necessary structural changes. These measures would inevitably burden the country's already problematic budget, but structural changes -if were to begin immediately and effectively- could offer our country the necessary credibility, facilitating access to international capital markets with more favourable terms.

The measures proposed by the Federation of Hellenic Enterprises included: social support measures, more funds for a Social Cohesion Funds, raising the ceiling for beneficiaries of poverty benefits, abolishing all counter-incentives to distribute profits and measures to maintain employment.

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