Eurozone is near the end of a tigher monetary policy cycle, Bank of Greece governor Yannis Stournaras said on Wednesday.
Addressing a conference organised by the Federation of Insurance Companies of Greece, the central banker said Greece was also close to obtaining the investment grade. “The Greek economy and Greek banks lived through a big crisis, three memorandums, and this has made us good,” Stournaras said, adding that Greek banks have satisfactory liquidity.
The central banker said insurance companies can play a double role in moderating and adjusting climate change as risk managers and as investors puting their money to actions contributing in climate policies. Stournaras said that the pandemic and recent natural disasters highlighted beyond any doubt the lack of private insurance by Greek consumers. He said he would welcome the introduction of incentives aimed to faciliate the increase of insurance business in Greece.
