Competitiveness of the Greek Economy Is a Huge Issue: Greek Minister

1:15 AM ET Mon, 27 Feb 2012

Pavlos Yeroulanos, Greece's cultural and tourism minister, told CNBC, "the second Greek bailout is a move in the right direction; we have had quasi moves until now, this is definitely the most decisive move that the European Union has come up with and that should be a cause for optimism, still however I think there is a lot of room to move, there is a lot of work to be done."