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Greece warns: "Think before entering the eurozone!"

22 April 2010 / 10:04:10  GRReporter
4512 reads

Economic growth and market liquidity are interrelated. One cannot do without the other. A large part of the responsibility for restoring the positive rate of local economy and in particular trade, is the banking sector. 

How do strikes affect trade in the country? 

Any type of strikes blocks the viability of the commercial sector in the country, which anyway lately has been pretty anemic. 

Recently we observe decline of the Euro compared to the Dollar and economic analysts argue that this trend will continue. How do you believe the weakening of the Euro will affect the Greek business? 

I do not believe the rise of the Dollar will stimulate the already limited exports of Greece that much. Rather, I expect it to have a positive impact on our sales fleet. 

What do you think are the possibilities of Bulgaria to join the eurozone and how will this affect Bulgarian-Greek trade relations? 

In principle I believe this is a matter to be decided by the Bulgarian government, business community and the Bulgarian people. We must not forget however, that a Member State of the eurozone should strictly comply with strict requirements listed in the Pact for Stability and Development. This is a very serious step, which deprives the State from making independent decisions about the future of monetary policy. If Bulgaria is accepted in the eurozone, this will certainly facilitate trade relations between both countries.

Tags: Greece Bulgaria economy crisis eurozone
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