The Greek economy will receive a big boost in the coming years from the European Union’s recovery plan agreed in July, Bank of Greece Governor Yiannis Stournaras said in an interview with Bloomberg television.

Mr. Stournaras stressed that the 32 billion euros that Greece is going to receive from the European recovery plan will have a very positive impact on the economy and will increase the growth rate by 2% on average, for the period 2021-2026.

Mr. Stournaras added that the challenge now is to reform the state, so that Greece can properly absorb resources, in order to maximize the impact on development.