You're reading: Germany to hold investor conference for Greece

BERLIN (AP) — Germany's economy ministry says it will hold an investor conference for debt-laden Greece this week.

It said Monday that top representatives of German industry and Economy Minister Philipp Roesler will discuss on Wednesday how to foster investment and growth in Greece.

German industry representatives met Greek development minister Michalis Chryssohoidis last week to explore investment possibilities and ways of improving the country’s competitiveness.

Greece’s economy is shrinking as the heavily indebted country implements harsh austerity measures. Economists say the country needs investment to jolt its economy back to life.

Greece received an emergency loan package last year and is set to get another bailout from its international creditors.