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Greece's economy poised for growth amid challenges: central bank governor

0 Comment(s)Print E-mail Xinhua, December 29, 2024
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ATHENS, Dec. 29 (Xinhua)-- Greece's economic recovery continues to make strides, with public debt sustainability assured and growth rates projected to outpace the Eurozone average, Bank of Greece Governor Yannis Stournaras told The National Herald (TNH) on Saturday.

However, the recovery from the decade-long debt crisis remains incomplete, Stournaras emphasized. Domestic issues such as bureaucracy, high public debt, and limited competitiveness, combined with global pressures like geopolitical tensions and the climate crisis, threaten long-term stability.

To sustain growth, Stournaras advocates for structural reforms, enhanced productivity, and increased investments in technology and green initiatives. He also urged Greece to reduce its current account deficit and bolster exports to ensure long-term competitiveness. Enditem

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