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Chances 

Not only the fast track initiative, but also the comparative advantages of Greece were analyzed by Aris Singros, Executive Director of the Invest in Greece Organization, during the business forum, attended by nearly 70 German businessmen, most of whom are active in the renewable energy sources sector. 

He pointed out that three large infrastructure projects are ready (one also relates to photovoltaic devices) which are included in the initiative, and their implementation is expected soon. 

The response of Daskalopoulos 

In his speech at the forum, the chairman of the Federation of Greek Industrialists (FGI), Dimitris Daskalopoulos expressed his belief that the business circles of both sides could find a wide scope for joint investment activity by mutual financial interest. 

For his part, Deputy Chairman of FGI Thanassis Lavidas stressed in his address that the message they want to pass on to the German investment community is that most Greek companies have maintained a strong structure and have taken the necessary reordering purposes. 

Reticence of banks 

The director of the German financial powerhouse KFW, Lutz Christian Funke reported of the creation of a special plan "Greece" for the financing of the German investments in Greece. 

Mr. Funke said that despite the increased risk for financing in Greece, his bank had decided to support the initiative. As he pointed out, depending on the amount of funding, this would be effected either directly - if large, or through a Greek commercial bank, with a credit line. 

The Director of the Association of German Banks, Michael Kemer, noted that one of the greatest risks in investing in Greece is the risk assessment of a long-term loan. 

The Head of the German organization for external loans and investments, Matthias Keller, stressed that his organization cannot provide guarantees for Greece for more than two years. 

Memorandum 

The visit of Philipp Rösler in Greece ended with the signing of a Memorandum of Cooperation between the German Vice Chancellor and the Greek Development Minister Michalis Chrisohoidis.