Greece supports India's UNSC bid: FM Kotzias

New Delhi [India], Nov 27 (ANI):Greek Foreign Minister Nikos Kotzias said Monday that his country fully supports India for the membership of the United Nations Security Council as a new balance of power is emerging in the world.

"We fully support India for the UN Council, but not other proposed countries," Kotzias remarked while replying to a question after delivering a special address on "Greece as a pillar of stability in southeastern Europe and the Eastern Mediterranean", organised by Observer Research Foundation and the Embassy of Greece in India.

He noted that the old powers are declining while a new balance of power is emerging with countries like India and China.

"It is a transformation time and difficult time" with forces of fundamentalism and terrorism trying to destabilise the world.

He said for countries like India, it is in fact a coming back into top economies of the world, as it used share a dominant part of the GDP before colonisation - nearly one third of the world GDP.

He said Greece and India could play specific role in stabilisation of the West Asia and also the eastern Mediterranean region. He said Greece is working with the policy of five lines of stabilisation in the region, with special focus on Egypt, Israel and Jordan to achieve it.

ORF Chairman Sunjoy Joshi said India and Greece should work together to face the challenges of the times, like extremism, terrorism, and anti-globalisation forces.

He also mentioned about the increasing prospects of economic cooperation between the countries, especially after the economic reforms introduced by the Indian Prime Minister which has considerably improved doing business in India. "We both stand to benefit as the new financial year begins," he said. (ANI)