Employers' group head: Looming pre-election season shifting attention from reforms

Friday, 05 October 2018 22:43
UPD:22:46
ΑΠΕ-ΜΠΕ/ΣΥΜΕΛΑ ΠΑΝΤΖΑΡΤΖ
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By J. Kanoupakis
[email protected]

The head of Greece's largest employers' association, Theodoros Fessas, on Thursday warned that a nascent election season in the country is shifting steam from already agreed to reforms and instead generating campaign promises by all sides.

The president Hellenic Federation of Enterprises (SEV) made the statement in the wake of "Black Wednesday" this week for bank shares at the Athens Stock Exchange (ATHEX) and during a presentation of an opinion poll on entrepreneurship in the thrice bailed-out country.

"The (Greek) economy is in a low orbit. The climate, compared with the period before the summer, has worsened, because we've entered a pre-election season ... there's no money to dole out; there's a need to create wealth," he said.

One result of the opinion poll, conducted by MRB, shows that business people in the country are more optimistic after the end of the bailout era than the general public.

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