BoG report highlights need for programme implementation, political consensus

Photo by MacroPolis
Photo by MacroPolis

In its interim Monetary Policy report published on Friday, the Bank of Greece (BoG) urged Parliament to pass and the government to implement the legislation linked to Greece’s third bailout so the country to return to normality and sustainable growth.

The report advises that the remaining fiscal adjustment should not rely on taxes or increases to social security contributions, which could undermine competitiveness, growth and employment, but should instead focus on cutting non-productive government s...

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