Papoulias and BoG governor discuss growth prospects
AMNA--The state of Greek banks and growth issues were the focus of the meeting held on Thursday between President of the Republic Karolos Papoulias and Bank of Greece governor George Provopoulos, who visited him at the Presidential Mansion.
"Many things are being heard about the banks," President Papoulias said and Provopoulos replied "in a period of great uncertainty it is important for 18 billion euros to be provided for the banks. It is positive that we had statements by European leaders for growth initiatives to be undertaken. Growth, however, passes through the country itself."amna
Provopoulos added that what is necessary for growth to go ahead is a speedup of privatisations, the combatting of bureaucracy and corruption, the closure of utilities living from the citizens' resources and the utilisation of the ESPA funds, amounting to about 15 billion that are "stagnating" in Brussels.amna
As regards the outflow of deposits, Provopoulos said that it concerns the outflow of resources from the real economy and must be reversed to be provided for the real economy. Growth is the combination of all these and we must deal with these and not with various other things, as we are doing lately, Provopoulos concluded.
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