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Deputy FM Kouvelis’s speech at a Eurobank event on “Externalization and innovation: the road to growth” (excerpts)

Saturday, 04 December 2010

Following are the main points of Deputy Foreign Minister Spyros Kouvelis’ speech on “Externalization and innovation: the road to growth”, at an event hosted by Eurobank:

·       “In today’s critical state of affairs, externalization and innovation are two extremely important sectors that, if used correctly, can impart new vitality to the Greek economy, and essentially the vitality that the Greek economy needs to emerge from the crisis and have a long-term future following its emergence from the crisis.”

·       “The Greek economy’s period of growth based on the domestic market has come to a definitive end.”

·       “Today, we need to see new long-term, sustainable sources of growth, an these are primarily exports and, of course, attraction of foreign investment.”

·       Externalization is a one-way street, and it needs to consist in a shift – as we have very often said – towards a new development model.

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