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BoG governor: Greek economy can enter into a growth orbit

There is serious evidence that the Greek economy can enter into a growth orbit based on a new growth model focusing on healthy business activity, investments and extroversion, Bank of Greece Governor Yannis Stournaras said on Friday.

  • Published in Greece

BoG governor: Debt relief alone not enough to save Greece

Yiannis Stournaras believes a timely adjustment of Greece’s debt is necessary, and in a statement today advocated lowering the target for a primary surplus of 2% in order to reduce the tax burden, explaining that doing so would enhance Greece’s growth prospects and facilitate its entrance into the financial markets.

  • Published in Greece
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