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Jakarta Post

Greek crisis will not affect Indonesia: Finance minister

  • The Jakarta Post

Jakarta   /   Wed, May 26 2010   /  10:52 am

Newly appointed Finance Minister Agus Martowardojo said in Jakarta on Tuesday that the Greek debt crisis which has caused share prices worldwide to fall would not affect the Indonesian economy.Speaking to reporters after attending the plenary session of the House of Representatives, the finance minister said that the Indonesian economy remained fundamentally strong despite the significant fall in share prices and the decline in the rupiah against the US dollar in the recent days.“I’m optimistic, Indonesia can face the financial storm safely thanks to a healthy state budget and the country’s strong cash flow,” he said. Given these encouraging economic factors he said the people need not fear any possible negative impact of the Greek crisis on the Indonesian economy.President Susilo Bambang Yudhoyono appointed Agus as the finance minister following the resignation of finance minist...