CNBC Interviews Finance Minister Gikas Hardouvelis
In an American interview with CNBC, Greek Finance Minister Gikas Hardouvelis discussed the nation's potentiality.
The Finance Minister spoke of foreign investor's increased interest, various governmental privatizations, and predicted a positive growth rate for 2014's third quarter. Hardouvelis stated, "We have seen that there is a lot of interest in the Greek ports, airports, other companies. People are lining up now to buy assets. We didn't have this experience earlier".
The Greek Finance Minister added, "Now we have it. This is because investors do see there is only upside potential in the country. The economy has stabilized after a lengthy, lengthy recession of six years so their bet will succeed."
Hardouvelis spoke of flourishing sectors that include tourism and commented, "We expect that we are going to see positive growth for the first time in the third quarter".
When queried over Greece's need for an additional bailout, the finance expert stated, "The program did have benefits in the sense that lenders forced Greece to actually do structural reforms. After a point one needs to do this on their own and to me structural reforms is something one ought to be vigilant and the population has to own them".
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