Investment grade signals a return to normalcy and it is the beginning of a new effort to increase the well-being of the Greek people, he emphasized to SKAI the Governor of the Bank of Greece Giannis Stournaras.

As he mentioned, fiscally we are doing well as well as in development, however reforms need to be made, as there are delays in Justice, bureaucracy in the State and tax evasion which are also priorities of the government to be addressed.

In this context, MrAverage wage increases must follow average productivity growth while he focused on increasing foreign direct investment in the productive sector.
“When we deal with all this we will reach credit rating A” said Mr. Stournaras.

For the fine of almost 42 million euros (41.7), imposed by the Competition Commission on Banks: Piraeus, Ethniki, Alpha, Eurobank, Attica and the Hellenic Union of Banks for harmonized practice and the amount of charges in cash withdrawal transactions with one bank’s card from another’s ATM, Mr. Stournaras commented that the institutions are working.

He added, however, that empowerment of small banks is needed to bring about more competition in the banking system.

For the reform in Education he commented that “we were too late to create non-state universities in Greece” and brought as an example Cyprus which has a benefit of 6% of GDP from foreign universities.
At the same time, he emphasized that Education must also take into account the labor market.

When asked about the Economist that highlighted Greece, country of the year for 2023, the Bank’s governor stated that it is a highly prestigious magazine and what it said about Greece in two consecutive issues is very important.