BoG Report: Signs Are Positive, But No Backtracking

BoG Report: Signs Are Positive, But No Backtracking

In its Report on Monetary Policy 2013-2014, the Bank of Greece shared that developments in the past few months are strengthening confidence and improving the climate, but it also warned of not backtracking or reversing policies.
According to the BoG report, the reforms and the restructuring of the economy must continue with even greater force in all areas, pushing on to the the creation of a dynamic and extrovert economy, because the slightest reversal in policy or backtracking could result in the cutting off of Greece from the markets and sliding it back into another period of economic instability. The recapitalization of systemic banks, the government's return to the markets and the issuance of corporate bonds were mentioned among the achievements in the economy.

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