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The Hellenic Radio (ERA): News in English, 10-01-26

The Hellenic Radio (ERA): News in English Directory - Previous Article - Next Article

From: The Hellenic Radio (ERA) <www.ert.gr/>

CONTENTS

  • [01] BoG Governor: "Greek Economy's Future Tied to Euro"

  • [01] BoG Governor: "Greek Economy's Future Tied to Euro"

    Friday, 22 January 2010 10:52

    "Greece has to fix its fiscal problems and remain in the single currency union," stressed Governor of the Bank of Greece Giorgos Provopoulos in his article in Financial Times. Should Greece leave the eurozone and create its own national currency, it will soon be depreciated and turn weak, leading to a rise in inflation and interest rates. In the meantime, wrapping up their contacts in Athens, an International Monetary Fund panel will meet Friday with Greek Financial Minister Giorgos Papakonstantinou, since the government is about to borrow anew.

    "The Greek Economy's Future Is Closely Tied to Euro"

    "Greece has serious fiscal problems and will be in a better position if it fixes them within the single currency union and not out of it" G. Provopoulos, Bank of Greece Governor

    Provopoulos underlined that Greece's participation in the eurozone makes the campaign to tackle its problems less costly, expressing his certainty that the Greek government will move on to the necessary and bold adjustments.

    Source: ΝΕΤ, ΝΕΤ 105.8, ANA/MPA News item: 32290


    The Hellenic Radio (ERA): News in English Directory - Previous Article - Next Article
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