Sallas predicts the Greek economy will return to growth in 2016
The president of Piraeus Bank Michalis Sallas has estimated that the Greek economy will return to growth in the second half of 2016, provided that the bailout program review is completed and the government pushes forward with its privatization plans and reforms.
According to Mr. Sallas, the main axes of the economic recovery will be an improvement in tourism, expediting the works included in the public investment program, improving liquidity and supporting infrastructure projects.
Nevertheless, the bank president expressed his “major surprise” at the “series of statements from foreign analysts that aim to crate a negative, recessive environment for the Greek economy in 2016”.
These predictions, he further commented, are “in complete opposition to our estimations” and explained that in the past even more extreme predictions, from the same experts, were made and “triumphantly proven wrong”.
You may be interested
EU Poll: Greeks overwhelmingly convinced of widespread corruptionmakis - Dec 12, 2017
Corruption in Greece is an ongoing political issue, that has been debated to death over the past 35 years. Now…
Turkish PM Yildirim escalates rhetoric against Greecemakis - Dec 12, 2017
Two days before his arrival in Greece, Turkish PM Binali Yildirim directly disputed the current Status Quo in the Aegean…
One in three Greeks unable to afford basic material goodsmakis - Dec 12, 2017
One in three Greeks or 32% in 2016 were unable to enjoy basic material goods and social benefits, according to…