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09 December, 1998
US Ambassador to Greece Nicholas Burns was optimistic yesterday about progress in the domestic economy, saying the country was on the verge of entering European economic and monetary union.
"There are very positive changes taking place in Greece and the country is about to qualify for EMU," Mr. Burns told an economy conference held by the Hellenic American Chamber.
He also said that the opportunity had come for a "rebirth" of Greek-American trade ties.
"Trade and investment relations between the two countries are currently at a low ebb, although there has been especially positive growth in the current year," Mr. Burns said.
Replying to a reporter's question, he said that the government was making every possible effort to attract American investments by creating a healthy business climate, and it had sent the right message to international markets.
"The news is good for the Greek and American economies. Opportunities exist, and, with the contribution of all parties concerned, economic relations between the two countries will grow further," Mr. Burns said.
Source: Athens News Agency