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Pressures for new measures, delays in program review threaten economic recovery

The Greek economy risks being bogged down again due to the pressures from the country’s lenders to take new measures and the government’s inability to conclude the second program review, the Hellenic Federation of Enterprises (SEV) said in its monthly economic bulletin on Monday. 

“The challenge is to bridge the differences between the Greek government and the institutions in order ensure a smooth disbursement of the next installment of the program’s loan. Any delay in the process can trigger a domino of negative developments at a particularly critical time both for Greece and for Europe,” the business body said. 
SEV also noted that the protracted negotiations increase uncertainty which is recorded in the fall in consumer confidence in January 2017 and in the market’s ‘wait-and-see’ attitude, while mixed trends was formed in various sectors of the economy.