Bank of Greece warns of dangers in failure to reach deal with lenders

EconomyMacroeconomy Tags: BoG
Photo by MacroPolis
Photo by MacroPolis

In its biannual Monetary Policy report published on Wednesday, the Bank of Greece (BoG) makes clear its belief that it is of paramount importance that the Greek government conclude an agreement with official lenders, describing it is a “historical imperative the country cannot afford to ignore.”

According the central bank, the policies that would have to be adopted to ensure a definitive exit from the crisis and a shift towards a new export-oriented model include:

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