23 May, 2006
Finance Minister George Alogoskoufis said on Monday that a report on the economy by the Organization for Economic Cooperation and Development (OECD) is favorable.
The annual report is due for release on Tuesday, Alogoskoufis told reporters in the French capital.
"The report is compatible with that of the European Union, which was recently released, as it raises no question of exceeding the 3% ceiling for the (fiscal) deficit (as proportion of GDP) in 2006. For 2007, the OECD report is much more moderate that the EU's estimates," Alogoskoufis said.
"There are favorable assessments for growth and reform. This is a very satisfactory report and I believe that the positive elements of the Greek economy are referred to in a balanced manner, along with the possible risks on the medium-term horizon," he added.
Source: Athens News Agency