BoG’s Stournaras: Accelerate efforts to conclude third review; mandated reforms

19 October 2017
541 Views

Bank of Greece (BoG) Gov. Yannis Stournaras on Monday again cited the need for an intensification of efforts to conclude the third review of the ongoing bailout program, as well as all other outstanding reforms emanating from the current program and its updated version last June.

“That’s how discussion over a resolution of the debt will begin, which will allow for the inclusion of Greek state bonds in the Eurosystem … and especially for a smooth access to the markets after the end of the program (August 2017),” he said, speaking at a book launch in the Greek capital.

Stournaras, an influential central banker and a former finance minister in a center-right coalition government, said an improvement in overall economic confidence and an accompanying rise in economic activity will accelerate a return of deposits to the country’s banks. That, he added, will result in a further loosening of capital controls in the country and an even a complete abolition of the measure – a “byproduct” of the shambolic negotiations between Athens and institutional creditors in the first half of 2015.

You may be interested

Athens in top 50 most beautiful cities in the world
GREECE
shares13 views
GREECE
shares13 views

Athens in top 50 most beautiful cities in the world

Panos - Oct 15, 2019

Athens was selected among the world’s top 50 most beautiful cities, according to one of Canada’s leading online travel agencies…

These are the most competitive economies in the world (infographic)
GREECE
shares14 views
GREECE
shares14 views

These are the most competitive economies in the world (infographic)

Panos - Oct 15, 2019

Last week, the World Economic Forum released its annual study on the competitiveness of the global economy. One of the…

Former head of Greek Armed Forces warns Turkey is not bluffing
DEFENCE
shares23 views
DEFENCE
shares23 views

Former head of Greek Armed Forces warns Turkey is not bluffing

Panos - Oct 15, 2019

The former Chief of the Hellenic National Defence General Staff, Michalis Kostarakos has warned that Turkey is not bluffing in…

Leave a Comment

Your email address will not be published.