Wiedmann says 'job is not done yet' on Greek reforms

The completion of Greece's third and final adjustment program on August 20 is not the end of the road for the country's reform efforts but a "milestone on a long way to recovery," the governor of Germany's central bank, Jens Weidmann, told a banking event in Athens on Thursday.

"To announce 'mission accomplished' would be premature: the job is not done yet. Many observers have stressed the need for an even more ambitious reform agenda if stronger and more inclusive growth is to be achieved," he said in a speech at the Hellenic Bank Association (HBA).

This would require additional growth-friendly structural reforms that would bring the economy onto a steeper upward path, and provide greater job opportunities and a faster increase in productivity and real wages, he explained.

After the conclusion of the ESM program, fiscal and economic policies in Greece will...