Stournaras says Greece to stay in recession for H1 2016

Author: Mike Paterson | Category: Central Banks

Greek CB governor out on Reuters

  • successful completion of bailout review will improve economic climate
  • completion of review must be swift
  • high level of non-performing loans main challenge for Greek banks
  • failure to complete first bailout review would be destabilizing
  • Greek economy can rebound in 2016
  • there must be no repeat of protracted negotiations as seen in early 2015

Speed and completion of bailout review will depend on pension reforms so he'd better have a word with his government.

                   Greek CB gov Stournaras - Bailout review needed quickly

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