BoG Governor: Conclusion of 3rd review on time very positive for the Greek economy

The conclusion of the third review on time will have only positive repercussions on the Greek economy and in the banking sector, stated in an interview with the Sunday edition of Kathimerini newspaper the governor of the Bank of Greece (BoG) Yiannis Stournaras adding that “the elections result in Germany will not create any hurdles”.

He characterised IMF’s approach on the banks extreme noting that it adoption would increase the public debt by 6 percent of GDP and the banks’ nationalisation without any reason.

Stournaras urged the banks to accelerate the efforts with the cleaning of their portfolio and to proceed with sales and sustainable debt settlements and foreclosures. “We must persuade that we can ensure the efficient operation of the private debt consolidation framework.

Asked on the messages that sends abroad the former international airport at Helliniko issue for Greece as an investing destination, Stournaras referred to a ‘very bad message’ to the investing community.