The Washington Times newspaper in its Saturday edition published in its diplomatic column extracts from a speech which Greece's Deputy National Economy and Finance Minister Christos Folias gave at Washington's Woodrow Wilson Foundation on the need for serious reforms to be made in Europe so as to enable the European economy to become more competitive internationally, and on motives to attract foreign investors in Greece.

"We need more research, effectiveness, better coordination and innovations in services and products so as to successfully compete in an increasingly competitive world market. At the same time, we must continue to support our social model so that pensions and social insurance to be funded, for the viability of the labor market and for environment policy to be improved," Folias said.

The deputy finance minister also underlined that Greece "has taken lessons from globalization" and is working in order for the country to become more attractive to foreign investors. "Our aim is to support the citizens and to strengthen business activity, transforming the state into a force of impetus and not the obstruction of investment initiatives," Folias concluded. 

Source: Athens News Agency

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