Janos Papantoniou proposed that Greece should leave all the European programs for 10 years and the funds released should be invested in its development. He said that the country is too small to fight for the European bonds, while the suspension of funding from the common European programs can be achieved relatively easily, believes the former Minister of Finance who has a personal contribution to the accession of Greece in the euro area , albeit with forged statistical data.
The Minister of Development Michalis Chrysohoidis spoke at the forum and confessed that the longtime economic policy of the Greek governments was wrong. "For three decades, our policy had a specific goal but we achieved something entirely different. In 1981, 35% of the GDP was produced in Athens, and today – 50% of our GDP is produced in the capital. There are areas with a population of 700-800 residents and they contribute only 3-4% to the GDP. That is a failure for an economy. The subsidy for each new job amounts to € 200,000. This is the second failure. Greece is not able to become a country producing and creating wealth in this way. 80% of our economic growth comes from consumption rather than production. It is an irresponsible policy to turn all the EU grants into consumption. And so, we found ourselves where we are," was his revelation.