Thursday, February 26, 2015

Greece Must Reform, Says Greek Central Bank Governor

by Stelios Bouras

Wall Street Journal

February 26, 2015

Bank of Greece Governor Yannis Stournaras urged the government on Thursday to fulfill reforms commitments promised to European partners in exchange for future funding as soon as possible to help the country’s economic recovery to take place.

Presenting his annual report, Mr. Stournaras said Greece needs a comprehensive growth plan based on reforms including the opening up of professions, preserving fiscal achievements, reviewing tax exemptions and adopting policies that promote employment.

“In the past few years, we have covered some very rough ground at high cost to the whole of Greek society. If we can address the relatively few issues still pending and complete the first phase of the effort launched in 2010, we will then be able to move on to the next phase, in which the growth potential of the economy will be considerably enhanced,” said the governor.


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