The President of SEV, Spyros Theodoropoulos, spoke today in favour of changing the logic of development laws, speaking at the fifth conference of the Association of Institutional Investors.

The President of SEV pointed out that over the last five years, serious progress has been made in Greece, particularly on the fiscal front. Nevertheless, he said, the crisis of the past decade was not only caused by the fiscal front but also by the current account balance, which continues to cause concern.

Theodoropoulos stressed the need to attract investment in order to fill the investment gap and warned that the policy mix followed in Greece and Europe will lead us nowhere. He called the implementation of Draghi's proposals unfeasible as he called for the rich countries to borrow in order for everyone to invest, which is unlikely to happen.

Finally, with regard to the development laws in Greece, the SEV president said that they do not encourage large investments but only small ones, noting that there should be a change of attitude both in this area and on the issue of energy.

Specifically on the part of incentives, he stressed that investments should be supported with a large growth multiplier, through tax incentives, and not with "money in hand.".