BoG governor: Achieving investment grade marks the start of greater prosperity for the Greek people

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Greece’s return to investment grade in 2023 signals the return to normalcy and marks the startof a new effort to raise the prosperity level of the Greek people, Bank of Greece (BoG)

Governor Yannis Stournaras said on Monday at a bank event.

Speaking to BoG personnel during the New Year’s cake-cutting event, Stournaras said that “the sacrifices of our fellow-citizens during the difficult years of the crisis, along with the historically unprecedented support of our European partners and the reforms and responsible policies of governments, paid off.”

The new year, 2024, will be a year of hopes and challenges, the latter related to the climate crisis and geopolitical uncertainty that will require more Europe than not.

“There will be no final response to new and great challenges without greater and more extensive fiscal unification, the completion of the (EU) banking union and the creation of a true unification of capital markets,” he explained.

Stournaras added that in 1994-2000 he had participated in the negotiations of the Simitis government for Greece’s inclusion in the Economic and Monetary Union. The adoption of the euro in 1999 completed its 25th anniversary on January 1 of this year, while Greece adopted the currency in 2001. He called this event the greatest economic achievement in Greece’s modern economic history, as it sealed its European orientation and placed it firmly it at the center of European developments.

ΑΝΑ – ΜPA

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