Yannis Stournaras: Greece - a comeback to the financial markets? Are we near the finishing line?

Speech by Mr Yannis Stournaras, Governor of the Bank of Greece, at the Economist Conference "Greece: A comeback to the financial markets? Are we near the finishing line?", Frankfurt am Main, 31 May 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
20 June 2017
by Yannis Stournaras
PDF full text
(377kb)
  |  9 pages

Accompanying slides

It is a great pleasure for me to be here with you today and have the opportunity to share my thoughts on the prospects of the Greek economy. I will focus on three issues: First, I will present the progress that has been made so far. Second, I will address to the remaining challenges. Finally, I will discuss the preconditions for a sustainable return to financial markets.

1. Progress so far

Since the beginning of the sovereign debt crisis, Greece has implemented a bold programme of economic adjustment that has eliminated fiscal and external deficits and improved competitiveness.