Stournaras: Greece can achieve growth over 3 percent after 2020

Greece could achieve growth rates in excess of 3 percent under certain preconditions, Bank of Greece Governor Yannis Stournaras has said, predicting however that the rate this year will stand at 1.9 percent and will exceed 2 percent in 2020.

Speaking at an event organized by the Stavros Niarchous Foundation at Yale University, Stournaras called on the Greek government to quickly implement its program of economic reforms in order to avert future risks and address the challenges and side effects of the country's debt crisis such as a reduction in investments totaling 67.5 billion euros in the period between 2010 and 2016.

In any case, as Stournaras stressed, the continued enforcement of reforms is one of Greece's commitments under its enhanced surveillance as well as a precondition for further debt lightening measures. 

Implementing reforms and speeding up...

Continue reading on: