In a crucial step toward establishing a Greek Research and Innovation Foundation, Finance Minister Euclid Tsakalotos, Education Minister Nikos Filis, Alternate Education Minister Kostas Fotakis and the European Investment Bank’s Vice President Jonathan Taylor on Friday signed a financing agreement at a ceremony at the National Research Foundation in Athens.
“Greece is turning a new page as the conditions are created to convert a vicious cycle of recession into a virtuous cycle of equitable growth, with the focus on the needs of society,” Tsakalotos said. The recapitalisation of the banks, completing the first review and the disbursement of 7.5 billion euros in loans, as well as the reinstatement of the ECB waiver and the start of a discussion on relieving Greece’s debt were the main factors of the government’s road map for restoring confidence in the Greek economy and creating a clear corridor for attracting long-term investments, he added.
Filis said the agreement once again underscored the importance the government attaches to research and innovation.
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