Spyraki: Government will succeed in putting Greece ‘back on the investment map’

The government will succeed in putting Greece “back on the investment map” because the country is broadcasting messages of stability and security with respect to the rule of law, New Democracy MEP Maria Spyraki said on Friday, in an interview with the Athens-Macedonian News Agency (ANA) radio station “Praktoreio 104.9 FM”.

Greece is fast becoming an attractive destination for investments, for both European and global capital, she said.

“The fact that [Prime Minister Kyriakos Mitsotakis] is talking to the leaders of the largest EU economies, attempting to highlight the fact that fundamental changes are now happening in Greece and that Greece will not ‘stray off course’ is an element that indicates how this government will proceed,” Spyraki said.

She noted that the prime minister’s goal was to change the “narrative” concerning Greece in the capitals that truly decide EU economic policy, presenting the government’s first steps and plans for structural reforms.

These included lower taxes for all businesses, both large and small, as well as greater tax compliance and a reduction of the ENFIA property tax, she added.

Commenting on the problems besieging the Public Power Corporation (PPC), which had 900 million euros in losses during 2018, she said it was essential to come up with a plan to find the 800 million euros needed to address the company’s cash-flow problems. The government was acting in this direction, ensuring that money entered PPC’s coffers by restructuring bills and going after strategic debtors, Spyraki added.

The MEP noted that the power utility had to be restored to health so that consumers could get power at reasonable prices and not be saddled with higher costs due to the bad choices made in the past.

Liberalising the energy market was the “key” to the growth of the Greek economy, she noted, while accusing the previous government of failing to work on this basis and agreeing with Greece’s creditors to reduce the PPC’s market share “without getting one euro in exchange”.