VIEWS AMONG GREEK bankers about the prospects for the Greek economy are mixed. Yiannis Papathanassiou, a conservative New Democracy party parliament deputy and former chairman of the Hellenic Chamber of Commerce, is particularly pessimistic. He reckons that if the situation is allowed to drift Greece will experience a significant economic slowdown and serious fiscal problems after 2004 should it fail to push ahead with much-needed structural reforms.
Papathanassiou, who is widely expected to hold a key economic ministry in a conservative administration, says Greece cannot count on EU transfers alone if it is to grow and warns of more losses in international competitiveness and higher unemployment if policy inertia takes hold.
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