Greece needs progress in implementation of pending reforms
- Written by E.Tsiliopoulos
Greece needs to make progress in the implementation of pending reforms, while a new agreement between the country and its partners is a necessary precondition for the continuation and strengthening of an economic recovery currently underway, the Bank of Greece said in its annual report.
Presenting the report, Yiannis Stournaras, the central bank's governor, said there were uncertainties in the growth outlook of the country this year, based on the implementation of a transition agreement with its partners and a possible deterioration of fiscal conditions.
"Pending obligations were relatively limited and have a low cost compared with the huge volume of changes implemented in the previous years and the heavy burden paid by the Greek society," the central banker said.
Stournaras noted that Greece needed a single cohesive growth program which will be based on strengthening production through investments and mostly through structural reforms.
Related items
-
Greece moves to become Southeast Europe’s first carbon storage hub
-
Giannis Antetokounmpo says Heat provide best route to another NBA title
-
Mitsotakis says under-15s should be banned from major social media platforms, warns of AI's "extreme" risks
-
Marco Rubio made a reference to the murder of Vagia Nestora - "She was executed because her daughter dared to run for public office"
-
Greek banks have liquidity ready to fuel economic growth
Latest from E.Tsiliopoulos
- Greece moves to become Southeast Europe’s first carbon storage hub
- Giannis Antetokounmpo says Heat provide best route to another NBA title
- Mitsotakis says under-15s should be banned from major social media platforms, warns of AI's "extreme" risks
- Marco Rubio made a reference to the murder of Vagia Nestora - "She was executed because her daughter dared to run for public office"
- Greek banks have liquidity ready to fuel economic growth