Economy Shows Signs of Stabilising - Bank of Greece Governor

Economy Shows Signs of Stabilising - Bank of Greece Governor

The Greek economy is showing stronger signs of stabilization, Bank of Greece governor George Provopoulos said, as quoted by the Athens News Agency-Macedonian Press Agency.
"Forecasts that the recession will end in 2014 are well-founded, provided that there is no political polarization ahead of the European elections," Provopoulos said, as quoted by the news agency.
Provopoulos commented that the credit expansion rate in the 2000-2010 period should not be stigmatized because it offered households the opportunity to take out mortgage loans at logical, easy terms. “Some of us got carried away, probably banks used more flexible criteria. On the other hand, I should have to remind you that this was the spirit of an era, not only in Greece, but globally,” he added.
 
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.