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Most Greek CEOs Want Creditors to Scrutinize Government


Two out of three top executives of Greek companies believe creditors should continue to supervise Athens’ fiscal policy after the end of the bailout program in August.
According to a survey by the Association of Chief Executive Officers (EASE), top executives of Greek companies appear optimistic about the economy’s prospects in the next 12 months.
However, almost 65 percent of them say European institutions should continue to supervise Greece’s fiscal policies.
Greek executives appear to not trust that politicians will continue implementing needed reforms after the end of the rescue program. They believe that the current administration and future ones need to be spurred by creditors in order to proceed with the reforms needed for the country’s economy to return to the path of normalcy.
Also, 30 percent of participating CEOs are in favor of an extended supervision framework, while only 6 percent replied that monitoring would be necessary after August.
The majority of Greek chief executives (60 percent) believe that the country is not very attractive to foreign investors, while the remaining 40 percent say Greece is not at all attractive to investors.

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