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

13 February 2018
935 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

Coronavirus Greece: 2,845 new cases, 165 intubated, 12 deaths
GREECE
shares48 views
GREECE
shares48 views

Coronavirus Greece: 2,845 new cases, 165 intubated, 12 deaths

makis - Jul 30, 2021

Greek authorities announced that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 2,845, of which…

Coronavirus Greece: 2,696 new cases, 157 intubated, 9 deaths
GREECE
shares51 views
GREECE
shares51 views

Coronavirus Greece: 2,696 new cases, 157 intubated, 9 deaths

makis - Jul 29, 2021

Greek authorities announced today that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 2,696, of…

Greek real estate market still strong despite Covid-19 pandemic, report shows
FINANCE
shares54 views
FINANCE
shares54 views

Greek real estate market still strong despite Covid-19 pandemic, report shows

Panos - Jul 29, 2021

The Greek real estate market is demonstrating resilience in 2020 despite the fact that the pandemic had an overall negative impact on the…

Leave a Comment

Your email address will not be published.