In a meeting with reporters on Monday, Geroulanos stressed that GNTO had squandered money that should not have been wasted in this way.
He also outlined ministry initiatives that are now underway for 2011 and aim to bring Greece's tourism sector out of the crisis.
These include a draft bill that will simplify the process of tourism investments, including tourist housing not attached to hotel units and a promotional campaign that will once again pivot on use of the internet.
ANA