BoG Gov. Stournaras again calls for precautionary credit line after bailout ends in Aug.

13 February 2018
318 Views

Influential Bank of Greece (BoG) Gov. Yannis Stournaras on Monday repeated his position that a precautionary credit line would assist the Greek economy after the end of the current – third – bailout in August, saying such a prospect would keep borrowing costs low and aid the country’s full return to sovereign money markets.

He emphasized that this was particularly important if conditions in global markets worsened.

Stournaras’ insistence on the benefits of such a precautionary line, however, have repeatedly clashed with the leftist-rightist coalition government’s favorite scenario of a “clean exit” from the memorandum era, or, more recently, a “loose supervision” by creditors without the attached “life line”.

Speaking at an event held by the Hellenic-Spanish chamber of commerce in Athens on Monday, he cited “positive prospects” for the Greek government, under the condition that all reforms and privatizations are implemented normally and within the agreed to timetable – echoing the leitmotif of European creditors vis-a-vis Greece.

You may be interested

Previous Next French President Macron addresses nation on yellow vest protests
GREECE
shares13 views
GREECE
shares13 views

Previous Next French President Macron addresses nation on yellow vest protests

Panos - Dec 11, 2018

French President Emmanuel Macron on Monday pledged to cut taxes for pensioners and raise the minimum wage in January but…

Greek state’s arrears to private sector again up in Oct. 2018; total reaches 2.61 bln€
FINANCE
shares13 views
FINANCE
shares13 views

Greek state’s arrears to private sector again up in Oct. 2018; total reaches 2.61 bln€

Panos - Dec 11, 2018

The state's arrears to the private sector increased in October 2018 - the last month for which figures are available…

Tsipras claims Greece promotes stability in region via Prespes Agreement with FYROM
GREECE
shares12 views
GREECE
shares12 views

Tsipras claims Greece promotes stability in region via Prespes Agreement with FYROM

Panos - Dec 11, 2018

Pro-FYROM Rainbow party calls for Greece to introduce “Macedonian” language in public schools Commenting on the Prespes Agreement between Greece…

Leave a Comment

Your email address will not be published.