Bloomberg News

Greek Business Group Chief Says Greece Needs to Act After Summit

October 27, 2011

Oct. 27 (Bloomberg) -- A deal agreed by European Union leaders gives Greece the time it needs to implement reforms along with a “stern ultimatum” that it must do so, President of the Hellenic Federation of Enterprises Dimitris Daskalopoulos said today.

“The much-anticipated European summit agreement is no cause for celebration as it leaves many unspecified points,” Daskalopoulos said in an e-mailed statement from the offices of the Athens-based organization. “It gives Greece a stern ultimatum, but also the time and opportunity to work to remain in Europe.”

Daskalopoulos said Greece’s politicians have a national duty to secure the country’s future and avoid “default and collapse.”

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net


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