Banks: Stimulating Investment, Continuing Reforms



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The positive outlook for the Greek economy and the need to stimulate investment have been at the center of the Banking Forum held today under the auspices of the Hellenic Banking Association

of the conference Ilias Lekkos, chief badyst at the Piraeus Bank, focused on the benefits of all the structural changes that have already begun to be perceived

"The result of those this is the systematic recovery of exports, which the last quarters begin "

At the same time, he added that a process of comprehensive restructuring of the business landscape with mergers and acquisitions of companies in various sectors began to take shape

M. Lekkos also made a special mention of the need to attract new investment and said that "to reach 20.5% of GDP, funds will be needed, rising to 590 billion euros. from here 2030 ".

A key factor in the implementation of such

  • to maintain a favorable climate for investment, whether domestic or foreign
  • on the other hand, to modify the Fiscal policy mix using part of the primary surpluses for 50% of medium-term public investment program

Alpha Bank Chief Analyst, Panagiotis Kapopoulos ] argued that with the completion of the third program, the country at a time when, after rectifying the major macroeconomic imbalances of recent decades, it will attempt to address the main problems of the long-term recession.

The main objective, in his opinion, is to bring the country back to convergence with European partners. "This objective beyond prosperity ensures the sustainability of the Greek public debt, because it increases the denominator of the debt to the GDP," he is eager to explain

. "The other big need is the return of unemployment to levels close to the he added, before specifically mentioning the need to boost productivity."

Also, as he said, "the both require the attraction of new investments, public and especially private.

At the same time, Tasos Anastasatos emphasized the importance of pursuing structural reforms, stressing that "forward-looking policies are necessary to regain market confidence in order to to have a positive impact "

Among other things, he designed reforms to open the goods and services market, accelerate the administration of justice, improve the framework for the use of land and labor market policies xi negative credit growth is not "rushed to add, highlighting the contribution of banks to the Greek economy.However, as he explained , the expansion of credit in this case will be followed by a recovery. "

On the side of the National Bank, Finally, Nikos Manginas hailed the & 1965 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 importance of quality investment in development and active role of the banking system in the management of liquidity

naftemporiki.gr with information from AMPE

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