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.

Central bank speech  | 
20 June 2017
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.