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Greece to submit national reform program to EU by mid October |
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08:48, September 23, 2008 |
Greece will submit its National Reform Program for the period 2008-2010 to the European Commission by October 15, Greek Economy and Finance Minister George Alogoskoufis said on Monday.
Alogoskoufis said the government was finalizing the drafting of its National Reform Program, which focused both on progress made towards adopting EU Council's recommendations and drafting of specific future actions.
The minister noted that drafting of the program was made at a time when the global economy was going through one of the most critical periods of the last decades.
"The impact from international developments has affected the European economy more than originally estimated. These developments are affecting Greece as well but reforms made in the previous years have strengthened the country's resistance to external shocks," Alogoskoufis said.
He urged for alertness and stressed that the reform program should ensure fiscal stability in the country. Alogoskoufis said the government was facing two great challenges: containing public spending and combating tax evasion.
Source:Xinhua
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