EU Commission applauds Greek reforms

Aug. 2, 2012 at 5:04 PM
| License Photo

ATHENS, Greece, Aug. 2 (UPI) -- The EU Commission praised a budget reform package agreed to in Athens, Greece, that the government said would create 30,000 jobs.

"The 10 priorities for structural reform announced on Thursday by the Minister of Development are a clear sign of the commitment of the Greek government to bring about the much-needed reform of the Greek economy," the commission said in a statement.

"The pursuit of these priorities will make an important contribution to the broader reforms to which Greece is committed ... which are needed to boost growth and employment," the statement said.

Ekathimerini.com reported Thursday that the reforms include privatizing government assets, including the Hellenic Railways Organization's passenger service -- called TRAINOSE. In addition, the government will push ahead on four highway projects, among other measures.

Development Minister Costis Hatzidakis said the reforms would create 30,000 jobs.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Finland orders anti-tank weapon from Saab
Oil prices drop on Greek, Iran concerns
Scotland plans emergency wind energy talks
North Dakota rig data suggests stability
Activists deploy against Shell's arctic plans