Greek central bank with its monetary policy report 15 June 2016
- greatest risk is from excessive tax emphasis
- Eurozone recovery remains fragile
- primary surplus target should be lowered to 2%
- debt sustainability is feasible even with lower medium-term primary budget surplus target
- completion of first bailout review enhances growth boosts confidence
Grexit kicked to the back pages by Brexit but expect it to return if the UK votes Leave next week.