The Governor of the Bank of Greece Giorgos Provopoulos will submit its annual monetary policy report in Parliament and the Ministerial Council on Thursday.
The report is expected to stress that the Greek economy is on the path to recovery and that after six years of recession, in 2014 the GDP will increase. Additionally the report notes that the Greek economy has regained trust, given the foreign investments in the bank capital increases.
The Bank of Greece’s report will also focus on further efforts needed in order to regain international trust, as well as supporting exports and competition.
Furthermore, the report will underline how the banking system has improved and is capable of contributing towards the gradual restoration of funding in the real economy.
Finally, the Bank of Greece will argue that the banks must take initiatives to support sustainable businesses and encourage joint business ventures in order to create a more extroverted and competitive to the international market economy.
