Press Releases

Meeting of the Governor of the Bank of Greece with the Leader of the Opposition

05/09/2008 - Press Releases

The Governor of the Bank of Greece, Mr Georgios Provopoulos, had a meeting today with Mr Giorgos Papandreou, President of the Panhellenic Socialist Movement (PASOK), following Mr Papandreou's request, at PASOK's headquarters. The meeting focused on current international and domestic financial and macroeconomic developments. Governor Provopoulos discussed aspects of the ongoing financial turmoil, the evolution of the international prices of oil, food and other commodities and the negative effects of these factors on the real economy; the duration of these effects is as yet uncertain. He pointed out that, in spite of the adverse external environment, the current evolution of macroeconomic aggregates shows that Greek economy remains relatively resilient. Finally, he stressed that, under the prevailing international conditions, the deepening and speeding-up of fiscal consolidation and structural reforms is the only safe way to support and boost the growth process in Greece.

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