BoG Governor Stournaras: ‘We Need To Shield The Greek Economy Against International Turmoil’



Bank of Greece (BoG) governor Yannis Stournaras in an interview with Greece’s ‘Parapolitika’ newspaper on Saturday stressed the need to shield the Greek economy against international turmoil.

“The international economic climate is not so friendly as some believe,” Stournaras noted, referring to the problems in Turkey and Italy that affect markets both locally and internationally, as well as the US expansionary fiscal policy and the end of the EU’s quantitative easing (QE) program.

The central banker stated that Greece must continue an economic policy that will shield the economy against these dangers since the primary target is to tap the markets on sustainable terms.

Stournaras underlined that Greek banks need to meet the target for non-performing loans.

(Source: Athens Macedonian News Agency)