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Down Town Owners and Merchants Association concerned that the economic situation affecting Greece may hamper T&T’s business

Down Town Owners and Merchants Association concerned that the economic situation affecting Greece may hamper T&T’s business

Gregory-Aboud_0

Down Town Owners and Merchants Association President, Gregory Aboud

One business group is of the view that the country can learn many lessons from the present economic situation facing Greece.

Media reports say amid fears of a Greek default on its huge public debt of €323bn – and a possible exit from the euro – long queues of people are trying to get cash from ATM machines in Greece, where withdrawals are capped at just €60 a day.

Down Town Owners and Merchants Association President, Gregory Aboud, in a News Power Now interview said the situation Greece finds itself in should not be treated lightly.

The business official said many Caribbean countries have found themselves in tough financial positions because of a lack of proper management, transparency and accountability.

Down Town Owners and Merchants Association President, Gregory Aboud

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