Stournaras: Greece is an example of stability

Bank of Greece Governor Yannis Stournaras advocated the aboriginal repayment of the loans that the state has received under the archetypal memorandum connected Wednesday, arguing that today Greece is an illustration of resilience and stability.

Speaking astatine the Athens International Investment Summit (AIIS), Stournaras underlined that “the government’s committedness to aboriginal repayment of authoritative assemblage loans sends a strong connection of fiscal subject and confidence. The planned repayment of [Greek Loan Facility] loans amounting to 31.6 cardinal euros by 2031 – a afloat decennary earlier than planned – will accelerate indebtedness reduction, bounds aboriginal financing needs and strengthen the country’s creditworthiness. By supporting fiscal credibility, this inaugural not lone reduces the required aboriginal fiscal adjustment, but besides contributes to ensuring intergenerational fairness, relieving aboriginal taxpayers of portion of the existent fiscal burden.”

He besides estimated that the contiguous interaction of the caller tariffs is expected to beryllium limited, arsenic the US is not a cardinal trading spouse of the country.

He added that the existent relationship equilibrium is expected to amended successful 2025, supported by the resilient show of exports, the emergence successful travel receipts owed to the hold of the tourist season, arsenic well arsenic little involvement expenses owed to the simplification successful involvement rates.

“Greece today is an illustration of stability, resilience and opportunities – a strategic concern gateway to Southeastern Europe,” helium added.