ATHENS – Opposition Movement for Change (KINAL) leader Fofi Gennimata on Thursday expressed her disappointment with the measures announced by the government on Wednesday, calling them "delayed, insufficient and conservative".

Speaking to radio Real FM, Gennimata repeated that tourism and other sectors of the Greek economy should be supported to keep alive the production base of the country. "If everything collapses now, the cost of recovery will be very difficult and steep. In any case it would be easier to stabilise what we can now instead of building on ruins," she added.

She claimed that the reduction of VAT was not enough and that bolder measures are needed for tourism and catering, in order for the products to become more competitive. "We are very well aware that the size of the recession depends on what we manage to salvage from tourism," she said.

On Europe's stance she said that it was taking too long to make decisions and quoted Christine Lagarde, saying that it was "too little, too late".