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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

BoG governor: Greece has made significant progress in correcting past mistakes

Economic adjustment and structural improvements over the past six years have rendered Greece more business-friendly and have opened up significant investment opportunities, in particular for those who will position themselves early in the Greek economy, Bank of Greece governor Yannis Stournaras said on Thursday.

  • Published in Greece
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