Inflation worries Greek central bank

The Bank of Greece has warned of the danger of inflationary pressures building up and has called on the government to take measures. Central bank Governor Nikos Garganas met with Prime Minister Costas Simitis earlier this week and discussed this issue.

In the meeting he said that maintaining inflation at levels above the EU average harms the economy's competitiveness in the mid-term, undermines the growth rate and creates conditions for an increase in unemployment.

The central bank is concerned

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