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11 September, 1998
Greece's entry into European economic and monetary union by 2001 is feasible if the government works systematically to achieve convergence targets, European Union Commissioner Christos Papoutsis said yesterday.
Mr. Papoutsis was addressing a news conference in Athens on the sidelines of Partnership '98, an EU conference on electronic commerce and the euro, the EU's planned single currency.
When Greece achieves EMU entry, then the challenge will be in surviving the unified market under tight fiscal discipline, he said.
Turning to the conference on the euro and electronic commerce, Mr. Papoutsis said that encouraging a new attitude to business was a priority for the European Commission, the EU's executive arm.
European businesses should be supported in their effort to adjust and develop operations through simplification of the law and creation of a favorable administrative and financial environment.
"Our aim is to boost industry's competitiveness and create more jobs," Mr. Papoutsis said.
He said that electronic commerce was emerging as the most rapidly developing value added commercial sector in modern economies worldwide.
The news conference was held jointly with Development Deputy Minister Anna Diamantopoulou, whose ministry is responsible for electronic commerce in Greece.
Taking part in the conference are more than 400 hundred members of trans-European cooperation networks from 50 countries.
Source: Athens News Agency