Michalos welcomes Greek 10-year bond issue as a success

The head of the Union of Hellenic Chambers and the Athens Chamber of Commerce and Industry Constantinos Michalos on Wednesday welcomed the 10-year Greek bond issue as a success, showing confidence and restored credibility of the Greek economy after its exit from the memorandum.

Speaking to the Athens – Macedonian News Agency radio ‘Praktoreio 104.9 FM’, Michalos said the 10-year bond issue signalled a huge improvement for the country. “We saw that from Moody’s rating agency, which is very positive, but that does not mean that structural reforms should not run, reforms that we have made a commitment to our partners and creditors to carry out. We managed to raise seven billion euros from the markets in the first 65 days of the year. It is positive, in the sense that it shows that foreigners have confidence in the Greek economy,” he noted.

Michalos underlined that economic indicators continue to “prosper”. “We see that industrial production remains stable, exports continue to rise, generally there is a stabilisation that we have not seen yet on a large level, on a macro-economic level, in our daily lives,” he added.

He urged Greek enterprises to complete their trademark registration as soon as possible in order to avoid any danger before a Greece-North Macedonia trade commission begins its work to settle bilateral trade issues. He also expressed confidence that the Greek enterprises that have already registered their trademark have nothing to fear from the implementation of the Prespes Agreement.

Michalos said that Greece is on the right track in a digital transformation drive and noted that the use of high technology helped democracy by closing loopholes in Greek legislation, while preventing corruption.