The institution of the Recovery Fund should be made "permanent" as a development intervention and rapid completion of the banking union with the exception of deposits from the bail-in process and the creation of a credit line by the ECB for the consolidation of banks.

BoG Governor Yiannis Stournaras appeared concerned about the danger of a new global recession, .

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.