Thursday, January 31, 2013
Bank of Greece Governor Giorgos Provopoulos was interviewed by the British daily Financial Times on January 29, while in London for meetings with UK-based bankers and leading investment companies. Provopoulos appeared optimistic that the "worst of Greece’s crisis is over."
He underscored that confidence in the Greek economy is steadily improving, a change of sentiment also reflected in the return of € 15bn in Greek bank deposits in the second semester of 2012, partly due also to the repatriation of some overseas funds. Provopoulos also estimated that another € 15bn will return to the Greek banks over the next year-and-a-half.
He underscored that confidence in the Greek economy is steadily improving, a change of sentiment also reflected in the return of € 15bn in Greek bank deposits in the second semester of 2012, partly due also to the repatriation of some overseas funds. Provopoulos also estimated that another € 15bn will return to the Greek banks over the next year-and-a-half.
Greek News Agenda : The Bank of Greece Roadshow in London
- FinMin on BBC
Meanwhile, in an interview with the BBC, Finance Minister Yannis Stournaras appeared "100% certain" that 2013 will be the last year of Greece’s recession. He underscored that "deposits are coming back to banks, the government is paying its arrears to the private sector and there is a change in the Greek image in Europe. He also promised that if this year’s reform programme is implemented "there will be no more austerity packages… no more cuts to wages, benefits and pensions."