Bank of Greece Governor Warns Against Complacency Despite Economic Growth

At the "Money 2024 Business Awards," Bank of Greece Governor Yannis Stournaras emphasized that while the economy has shown strong progress and positive prospects, there is no room for complacency, CE Report quotes Athens-Macedonian

He stressed the need to continue efforts to recover from the decade-long debt crisis and accelerate convergence with the European average through higher growth rates. Stournaras highlighted the importance of maintaining fiscal stability and credibility while pushing forward with investments and reforms under the "Greece 2.0" National Recovery and Resilience Plan. These steps, he noted, will drive the green and digital transition, boost growth, and support financial stability, ultimately leading to higher incomes and reduced inequalities.

Acknowledging the uncertain global economic environment, Stournaras pointed out that Greece, with significant sacrifices from its people and substantial financial aid from its European partners, has successfully overcome a severe fiscal and financial crisis. He noted that the assistance received—unprecedented as a percentage of GDP—has ensured debt sustainability and economic progress.

To sustain this positive trajectory, he stressed the need to safeguard political stability, fiscal responsibility, financial security, and investment-driven reforms.