Friday, December 4, 2015

Greek central bank governor warns of danger to government reforms

by Kerin Hope

Financial Times

December 4, 2015

The governor of Greece’s central bank has warned that political infighting over a critical final round of economic reforms is threatening to derail a long-awaited recovery in 2016.

On Friday, Yiannis Stournaras took the unusual step of prefacing the bank’s half-yearly report to parliament on monetary policy with an appeal to MPs on the need to maintain consensus on implementing Greece’s €86bn third bailout programme.

“Parliament must contribute to the legislative work of completing the programme, at this precise moment when most of the adjustment has been achieved and only a very small portion remains,” the report said.

“A basic condition for returning to economic normality is to maintain a climate of political stability and consensus.”


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