Addressing the conference held by the Parliamentary Budget Office, Bank of Greece Governor Yannis Stournaras warned of the consequences of a further delay in the second review conclusion. Mr. Stournaras stated that by achieving 2% primary surplus in the budget for 2016, Greece has covered 90% of the distance required by 2018, however the delay in the review conclusion puts all targets for 2017 at stake.

Referring to the prospects of growth, the Bank of Greece Governor stressed the value of foreign direct investment, adding that investments in Greece amounted to 24% of GDP before the crisis, while currently this rate reaches 11%. He also underlined that the reforms implemented during the years of the crisis are expected to strengthen the growth potential of Greece’s economy in the medium- and long-term.