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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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The main points of the memorandum stress that the two ministers: 

1. Welcome the intention of German firms to invest in Greece, and to enter into business cooperations with Greek companies. 

2. Agreed to continue discussions and negotiations between Greek and German companies. 

3. Will follow with great interest the development of investment ventures of companies and will help them as far as they can. 

4. Welcome the interest and intention of the German companies to participate in projects for the privatization of Greek enterprises and in the use of state property. 

5. Will try to solve problems related to the arrears of the Greek State to German companies.

6. Will boost their economic and political cooperation. 

7.  Both organizations for the development and support of investments “Invest in Greece” and “Germany Trade and Invest” will strengthen their cooperation in exchanging experiences and information. 

8. Are committed to support SMEs in Greece. 

9. Will approve of the German investment bank KFW, providing know-how to the Greek government in order to create such a Greek investment bank for development. 

10. Are providing significant financial support for German companies, with the new funding instrument "Greece", within the framework of the KFW bank, “Lending to companies". 

With the advancement of reforms Greece will emerge stronger from the crisis 

The events and climate in Europe as well as the situation in Greece and the pace of the economy were the focus of conversations that took place yesterday in Athens between the Prime Minister George Papandreou and German Vice Chancellor Philipp Rösler. 

According to reports after talking about reforms and the changes taking place, the Greek prime minister underlined to his interlocutors that Greece has many advantages and that investments in Greece are "investments in the Greece of the future." 

Tags: Politics Greece crisis measures Philipp Roesler Athens
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