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MYTILINEOS S.A.

MYTILINEOS S.A.

Member: Silver
Since: 01.11.2010

8, Artemidos Str., Maroussi, GR-151 25 Athens, Greece
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Evangelos Mytilineos: 'There will be no exit from the crisis, if Greece does not return to growth'

16.10.2012 Share

The need for the European policies to change, so as for Greece to return to growth, was highlighted by Mr. Evangelos Mytilineos during his TV interview to BBC World News, on Monday, October 15. "There will be no exit from the crisis, if Greece does not return to growth" noted Mr. Mytilineos, adding that the solution is neither exiting the eurozone, nor the continuous austerity measures, as the problem is not Greek but regards, in total, the SE Europe and Eurozone policies, which create risk leading funds to the North Europe and the US.

If, for example, the ECB takes over the supervision of the Eurozone banks, then the ECB will be able to provide a paneuropean guarantee deposit scheme, and capital flows will be redistributed in favor of the South, allowing growth finally to start. In this context, we see the "departure" of companies such as Coca-Cola and FAGE, which is only negative as per its semantics. The important thing is that these big companies keep their production in the country. They move their registration, as they announced, due to reasons mainly related to attracting funds, a problem shared by all Greek companies big or small. At the same time, something that still has not been made known, according to Mr. Mytilineos, is that, in Greece, we live a "quiet" revolution, which regards the way the society changes and adapts to the new economic environment, having surpassed past behaviors such as consumerism and lavish lifestyle.

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