Βank of Greece (BoG) Gov. Yannis Stournaras called for a timely implementation of reforms in domestic markets as well as action to curb the now extreme problem of non-performing loans in the country, speaking at an event sponsored by the federation of northern Greece industries.
Stournaras, a former high-profile finance minister in the previous Samaras government, also called for a stepped up privatization program after the passing of all legislated measures necessary to achieve the first review of the Greek program by the May 24 Eurogroup meeting.
Speaking to reporters afterwards, Stournaras expressed a view that if there is an agreement at the May 24 Eurogroup meeting, “and everything goes as planned, then capital controls will be lifted.”
