BoG sees recovery strengthening, proposes post-MoU safety net

Economy Tags: BoG
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

In the Interim Report on Monetary Policy for 2017 published on Thursday, Bank of Greece (BoG) governor Yannis Stournaras outlined the Greek economy’s positive momentum and the challenges that lie ahead, underlining that the focus of the political system and future policy implementation will decide whether Greece will leave the crisis for good.

Stournaras found himself at odds with the Greek government over his view that a safer approach to the post programme period is needed in the form of a precautionary line that will have several benefits for the banking system and the sovereign. This, tho...

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