FINANCIAL NEWS

ME capitals can help Greece’s falling economy

15 Sep 2011

(MENAFN) Arab-Hellenic Chamber of Commerce and Development’s president Christos Folias said that Arab businesses and capitals might help Greece’s financial crisis, reported Arabian business.

Folias stated that Arab region is the world’s oil-richest one and also has its financial weigh that can have a notable impact on the troubled financial situation in Greece.

Middle East’s Investors are waiting Greece’s economic plan to reach USD68.5 by the end of 2015 from state asset sales as part of its bailout conditions, the chamber’s president further explained.

On the same matter, Greece’s exports to the Middle East North Africa (MENA) increased by 49 percent to hit USD14.8bn during the first half of the current year.

It is worth mentioning that Greece is suffering from a dangerous financial crisis which is considered to be the biggest economic crisis in European Union.

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