Greek governor wants surplus countries to recognise ‘toxic’ effect of austerity

Yannis Stournaras

Bank of Greece governor Yannis Stournaras today (June 2) called on Europe's surplus countries to recognise the "toxic" effects of the austerity they are imposing on the eurozone periphery.

The eurozone "definitely needs reform", Stournaras said during a panel discussion on the interplay of politics and global economics, hosted by Chatham House.

The governor said those eurozone economies that enjoy a current account surplus ought to bear their fair portion of the burden of correcting Europe's imb

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