Greece is an example to be imitated in the Eurozone, a fact recognized by the head of the Federal Central Bank of Germany, Joachim Nagel, during his visit here. And the governor of the Bank of Greece, Giannis Stournaras, pointed out, among other things – during a ceremony to present Mr. Nagel with an honorary volume at the University of Athens – that an “explosion” of investments is expected in the coming years.

Mr. Stournaras predicted that investments as a percentage of GDP will reach 18% in 2027 from 11% that had decreased in 2019, a development which according to him is also the main reason for the economic growth rate of Greece more than double that of the Eurozone during this period.

But, as he pointed out, despite the indisputable progress, today we are still significantly away, about five percentage points of GDP, from closing the investment gap with Europe that was created in the Greek economy by the financial crisis of the previous decade. “By accelerating the growth rate of investments, especially in innovative activities, but also the implementation of reforms, we accelerate the convergence of Greece’s GDP per capita with that of the Eurozone, that is, the prosperity of the Greek people with that of the rest of Europe, the most prosperous continent on the planet. We have a unique opportunity before us. It’s up to us not to waste it,” said the commander of the TCE

Mr. Stournaras developed the sectors that present investment opportunities in the Greek economy (infrastructure, defense industry, innovation, supply chains) under the assumption of continuing the responsible fiscal policy and financial stability that have characterized the Greek economy in recent years. The second prerequisite is the intensification of the effort to implement a number of already undertaken reforms, both those that are considered conditions for disbursing the resources of the Development and Resilience Fund, as well as others promoted by the government for the implementation of its economic program.