Bank of Greece sees lower inflation, wants reforms

Greece's central bank said on Wednesday inflation should drop below 3% in the second half of 2001 but called for faster structural reforms to improve competitiveness once the country enters the Eurozone.

"It is expected that the negative impact (on inflation) by the rise in oil prices and the strengthening of the US dollar versus the euro will be contained next year," central bank governor Lucas Papademos said in an interim monetary policy report to Greece's parliament.

"On the basis of these