The Governor of the Bank of Greece noted that determination is necessary in order to fully implement the stabilization program and budget in order to expand the primary surplus and further maintain support the fiscal consolidation taking place. He did, however, urge the government to be decisive in the framework of avoiding any delays that will exacerbate the social climate and increase insecurity.
He said that the focus should now be on reducing the bureaucratic cost of businesses, making the public sector more effective and creating a stable and beneficial tax framework that is going to encourage investments.
Concerning the banking sector, Provopoulos noted that system was resilient and that Greek bank accounts were (and are) safe. He said that the banking sector is going to be instrumental in helping the business sector to recover, by investing in dynamic, extroverted businesses that are aimed at development. At the same time he underlined that the improvement of macroeconomic figures are expected to bring a gradual normalization of credit growth.
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