Bank of Greece pushes for government reforms and debt relief
Expects growth to pick up to –0.3% by year-end
The Greek government must pass reforms and privatisations without delay, the country's central bank stressed today (June 15) – while its creditors should agree to "specified, quantified and frontloaded" debt relief.
In its monetary policy report, the Bank of Greece takes a similar line to its governor, Yannis Stournaras. Writing in the Financial Times earlier this week, Stournaras argued it was "time to strike the right balance between reforms and relief".
Any delay in implementing reforms would
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