Greece needs growth initiative with international support

Athens

GREECE needs the combined forces of three large international financial institutions in an action programme to get back on its feet and restore the economy after the devastating downturn of the past five years.

I hope that agreement will be reached in the next few weeks on Greece's third bailout package. My country will need much more support under a Marshall Plan-style growth contract between Greece, its official creditors and the international community.

This requires the involvement of the European Investment Bank, the International Finance Corporation and the European Bank for Reconstruction and Development. These IFIs should send staff to Greece to put "boots on the ground". I recommend that they work closely with a coordination and facilitation office in the Athens prime minister's office to facilitate interac…