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Greece will buy 30 billion Euros of its debt with solar energy

08 October 2011 / 17:10:13  GRReporter
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After his meeting with Philipp Rösler, the Greek Minister said he has submitted to his interlocutor the investment opportunities that exist in the areas falling under the jurisdiction of the Ministry of Environment. 

Regarding privatization, he pointed out the reduction of the share of all state-owned energy companies. Philipp Rösler in turn said that there are opportunities for exporting solar energy to Germany. 

Rösler - Chrisohoidis 

Rösler and the Development Minister Michalis Chrisohoidis discussed many solutions to the lack of funding for major infrastructure projects as well as for small and medium enterprises. 

The Vice Chancellor of Germany clearly said yesterday that from the German side there will be official support regarding the issue of financing. He stressed that a major German investment bank, KFW financial institution, which helped restore the German economy after World War II, will also finance German investments in Greece. 

Simultaneously, he undertook to provide know-how, and potential experts in establishing the investment bank, planned by the Ministry of Development. 

Minister Chrisohoidis pointed out that in the coming weeks a decision is expected which will allow Greece to establish a fund with a capital of the restructuring programs of the National Strategic Reference Framework, which will fund major infrastructure projects. 

The German Vice-Chancellor, in turn, stressed that regarding the positive outcome on the issues of Greece related to the implementation of NSRF, he himself had already had meetings with the competent bodies and commissioners. 

Philipp Rösler: Major reforms must be implemented

However, the German economy minister did not fail to note the need to accelerate structural change and complete the institutional framework for investment. He also pointed out that Germany is not only making investments in energy, infrastructure, technology and informatics, but also provides know-how and support to enhance the overall competitiveness of the Greek economy. 

Mr. Rösler expressed his admiration for the efforts of the Greek nation during this difficult time and said he felt calm about the next public reactions. 

However, he avoided commenting on the capacity of the government to complete the change of the financial assistance programme for Greece.

Tags: Politics Greece crisis measures Philipp Roesler Athens
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