BoG Governor: Uncertainty Threatens to Negate Sacrifices of Greek People

Bank-of-Greece Uncertainty threatens to derail the Greek economy and even negate the huge sacrifices made by the Greek people in previous years, said Bank of Greece (BoG) Governor Yannis Stournaras, addressing a conference on the real estate market.

In his speech, Stournaras underlined that “the rapid launch and completion of the processes for the development of public property, e.g. the projects for the development of the former Elliniko airport, regional airports and ports, is very important as these agreements not only attract foreign capital but also send a positive message to international investors and markets.”

He added that the economy has returned to a positive course, saying, “We must not forget that in the last two quarters of 2014 Greece was Eurozone’s fastest-growing economy on an annual basis, while both in 2013 and 2014, the big twin deficits of the past that had been the main causes of the crisis, namely the state’s primary budget deficit and the current account deficit, had already turned into surpluses.”


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