Bank of Greece Gov. Yannis Stournaras foresees the “bottoming out” of the recession still plaguing the crisis-battered country in 2016 and even a slight recovery in the second half, but only if political stability replaces any uncertainty.
Stournaras, the former high-profile finance minister in the previous conservative coalition government, spoke at the annual meeting of BoG shareholders on Thursday.
The BoG chief has been outspoken in calling for the rapid completion of the pending evaluation of the “Greek program” by institutional creditors and for stepped up reforms and privatizations.
