Prime Minister George Papandreou addressing the 'Mediterranean Green Development Investors Forum' stressed that 45 billion euros green infrastructure investments are expected in Greece until 2015 characterising this prospect a "hope in a period of economic crisis particularly for our country".

Papandreou noted that a year before we faced the possibility of bankruptcy and we succeeded to avoid it and save Greece that was at the edge of the cliff".

"Despite the short term austerity measures that we had to impose we are also carrying out radical structural changes in order for the economy to become viable and competitive in the long term. We will not become competitive in the usual way of salary cuts but by investing in a different development model that will give value to our products and our services" he underlined.

The prime minister noted that the economic crisis must not be considered an obstacle to the economic crisis but both must be faced with common solutions and this may be achieved through the green growth."

In our country we have major unexploited renewable energy sources and we have accelerated the licensing procedures for green investments and infrastructures. We are deregulating the energy market in which the cooperation of the public and private sector will play a decisive role.

In 2009 the investments in renewable energy sources were just 400 million euros and in 2011 are expected to reach 1.2 billion euros.