Bank of Greece Governor Yannis Stournaras, speaking at the "Money 2024 Business Awards" event, stressed that despite the undoubtedly positive course of the economy so far and the favourable prospects for the future, there is no room for complacency.
He also underlined that the effort to recover from the decade-long debt crisis must continue, adding that the effort to converge with the European average, which has been underway for the past five years, requires even stronger growth rates.
"The economic policy should remain focused on safeguarding fiscal credibility and stability while accelerating the implementation of necessary investments and reforms outlined in the National Recovery and Resilience Plan 'Greece 2.0.' These measures will facilitate the green and digital transition of the economy and boost growth in the coming years. Achieving these goals, alongside maintaining financial stability, is essential for increasing incomes, supporting the poorest households, and reducing inequalities. At the same time, these efforts will contribute to improving the economic climate and securing further upgrades of Greece’s credit rating," he said.
“We live in a much more uncertain international environment than before. Here in Greece, with great sacrifices by the Greek people and with great financial help from our partners, those with whom we share the same currency, the euro, we have overcome an extremely serious fiscal and financial crisis.
The financial assistance that we received was the largest assistance ever given to a country as a percentage of GDP. This assistance ensures the sustainability of public debt and contributes to positive economic performance and to our economic prosperity," he said.
Stournaras recommended that we must preserve as precious assets the political stability, the fiscal responsibility, the financial stability, and the increased investment reforms in order for the Greek economy to maintain its positive performance.