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EBRD's funding and know-how to boost Greece

17 November 15 | Yiannis Stournaras
Yiannis Stournaras

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“Greek will significantly benefit from the know-how and funding that could be offered by EBRD in projects aimed to support sustainable growth and commerce,” Bank of Greece governor Yiannis Stournaras said on Monday.

 

Presenting a European Bank for Reconstruction and Development (EBRD) report for 2015-2016, the Greek central banker noted that EBRD’s commitment towards the country sent a strong message to private sector investors that Greece was dealing seriously with the implementation of reforms and the rebalancing of the economy.

Stournaras reminded that throughout the crisis, Greek enterprises faced extremely adverse funding conditions despite a loose monetary policy and the widespread non-convention measures adopted by the European Central Bank.

“A restart of funding and a variety of funding sources are issues with special interest,” he noted.

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