BoG Governor Stournaras Warns: Delays in Evaluation Adversely Affects Greek Economy

Monday, March 27th, 2017
Last Update: 22:20

Governor of the Bank of Greece Yannis Stournaras has once again requested the immediate completion of the second evaluation, warning that delays bring into question “every single goal this year — development, fiscal and financial.”

This could be considered the most emphatic warning made by the Bank of Greece’s governor, sounding the alarm that another extension could set the course of the economy into total subversion. Speaking at an event of the State Budget Office in Parliament, Mr. Stournaras stressed that “the second assessment requires immediate completion, which has been delayed for more than a year. This delay creates uncertainty, which has been ongoing for months and adversely affects all economic indicators, putting into question every single goal this year, development, fiscal, financial. ”

Meanwhile, the governor of Bank of Greece referred to the need for emergence of a new production model and the importance of implementing reforms.

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