SEV says completion of 3 reviews very positive

The completion of three reviews on Greece by creditors in less than a year is a very positive development, sending a message of stability to the markets, points out SEV in its weekly economic report.

“The completion of the fourth review with fast track procedures shows the desire of the government and creditors to complete and exit the third bailout,” it said.

In a bid to secure strong economic growth, Greece needs to deregulate markets, move ahead with privatisations and reduce red tape, SEV said. Labor and capital taxes also need to be cut, while the public sector needs to be fully digitalized, it added.