BoG Governor: High Growth Rates of Greek Economy Expected in Coming Decade

September 25, 2021

ATHENS — Greece's economy may return to pre-pandemic levels even before the end of 2021, Bank of Greece Governor Yannis Stournaras said in an interiew published Saturday, while he foresaw high growth rates of 3.5% on average per year in the next decade.

These high rates, he told Ta Nea newspaper, will contribute to reducing the debt-to-GDP ratio: from 200% of the GDP this year, the debt will drop to 187% in 2022.

Stournaras attributed the high growth rates to a combination of strong recovery and infrastructural reforms implemented, which could also allow the European Central Bank to continue buying Greek bonds even after the expiration of the emergency program.

He also said that due to recent government measures that were made possible by higher tax revenues, some 4.4 billion euros will be channeled to the economy in the second half of 2021.


ATHENS - Adding to its presence in Greece 15 years after jumping in, Google is planning more investments, including creating data centers, cloud services and applications based on Artificial Intelligence.

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He wasn’t the first one to think about it but a humor columnist for POLITICO suggested - ironically, of course - that if Greeks want back the stolen Parthenon Marbles in the British Museum that they should just steal them back, old boy.

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