Governor of Bank of Greece: We Must Secure Economic Prospects

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The Greek economy has made substantial progress it is expected that we will soon be returning to growth rates, said the governor of the Bank of Greece George Provopoulos to a reporter in the Sunday edition of ProtoThema. He however noted that given that 2014 is an election year, and all these positive forecasts could weaken if the political dialogue intensifies. If this does happen, he added, then it is imperative that "political and social forces be united on a positive plan for the country's exit from the crisis."

Provopoulos also ruled out a haircut on Greek bank deposits and stressed that the country's banks are now adequately capitalised.

Commenting on the recovery of the economy, he said that there is still one last mile to cover, which he characterized as being the most difficult of all. "Stabilisation is still fragile," he noted.

Finally, he underlined that "it is a national demand to safeguard what we have already achieved at huge social cost, to avoid setbacks and to secure the Greece's economic prospects."