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Within this framework, if articles in the financial press are true concerning the predispo-
sition of the government's financial staff to slash expenditures for the participation of
Greek export enterprises in international trade shows, SEVE believes that such measures
are not in the correct direction. We can not ignore the fact that any cancellation of a Greek
presence at such venues will degrade the country's image internationally.
Furthermore, since grounded scenarios for a resurgence from the global crisis are
emerging , it is necessary to activate the Action Group to deal with the international eco-
nomic crisis. The establishment of the Group was proposed by the Minister of Finance, in
order to assess new data, seek novel opportunities, and take the requisite corrective
measures.
More specifically SEVE proposes:
a)
According to the latest data published by Eurostat for commercial transactions on a
European and Eurozone level for the first five months of 2014, European exports
appeared lower by 23.3% relative to the corresponding period in 2013. On a Eurozone
level, exports decreased by 22.6%, while Greek exports decreased by 16%.
The position of Greece within the EU27 over the time covered on an export level is 21st,
while in the Eurozone it is 14th among 16 countries. It must be noted that Greece is the
country with the third lowest decrease of exports in Europe, after Ireland and Luxemburg
(9%), something which is due in large part toi the low level of extroversion of the Greek
economy.
It's indicative that the commercial flow between the EU27 and their ten main trading part-
ners registers significantly in the negative for the European block. More specifically,
Eurostat data show that EU27 has lost great shares of the Russian market, in the first five
months of 2014, with a decrease in exports to the order of 39%. Furthermore, there was a
large decrease on the Turkish market (33%), while the smallest decrease was registered
in exports to China (7%).
In contrast, Greek commercial flow towards the basic EU 27 partners are following a dif-
ferent course over the first five months of 2014. While Europe, at least among the ten basic
trading partners, shows minus signs in the ledger, Greece is one of five countries show-
ing plus signs.
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/ TRIIRIS / JUNE 2015
THE GLOBAL CRISIS AFFECT EXPORTS