Central Bank Governor's Market Comments

He stressed the importance of administering reforms and the nation's need for a new growth mechanism. Provopoulos highlighted Greece's obvious exit from the financial crisis.

The Governor praised the nation's progress, its credit sector's improvements and fiscal adaptations that: "...has gone a long way over these years to get to a primary surplus".  Yet, he claimed that the nation has to take advantage of its new financial environment and revamp its business sector.

Provopoulos added that in order to maintain growth, a productive public sector is much needed. The sector must operate in a friendly manner with fluid market practices and appropriate competition, in addition to a decreased and more balanced enterprise tax, lower non-salary labor amounts and privatizations, which will entice international investments.