The President of the National Bank Louka Katseli delivered a speech at the annual conference of the Clinton Global Initiative in New York, on “the Greek Crisis and Beyond”, where she argued that domestic banking sector will be able to support businesses after the completion of the bank recapitalization and provision of further liquidity from the ECB.
In her speech, Mrs. Katseli underlined that despite the difficulties in the bailout agreement, 2015 may be milestone for the economy, provided the conditions for political and financial stability are met and that there is a broad consensus on the implementation of certain reforms and commitments, which will enable the sustainability of the Greek economy.
Amongst the priorities outlined by the head of the National Bank which are aimed at attracting investments and improving competition are the simplification and stabilization of the tax system, lifting bureaucratic obstacles that hinder the licensing and operation of businesses, as well as expediting the judicial system. Furthermore, the negotiation for the restructuring of the Greek debt, as provided in the recent bailout agreement, will also help reboot the economy.
