The Bank of Greece governor delivers the interim report on the course of the economy
17/10/2003 11:42
Bank of Greece Governor Nikos Garganas delivered the 2003 monetary policy interim report to Greek Parliament President Apostolos Kaklamanis.
Mr. Kaklamanis stated that Mr. Garganas briefed him on the steps made by the Bank of Greece to help in the efforts for stability, economic development and lower inflation.
The Bank of Greece Governor expressed optimism stating that in spite of the slow recovery worldwide, Greece had a growth rate of 4% for the fourth year in a row. He also expressed the view that the Greek economy will not be affected negatively as a result of the pre-election period.
Mr. Garganas expressed concern regarding inflation, which is on the decline but nonetheless continues to be high. He also expressed concern on the public deficit, pointing out, however, that it is encouraging that there was some progress made, adding that there is optimism because the efforts made managed to bring it down to 1.2% from 1.4%.
Mr. Kaklamanis stated that Mr. Garganas briefed him on the steps made by the Bank of Greece to help in the efforts for stability, economic development and lower inflation.
The Bank of Greece Governor expressed optimism stating that in spite of the slow recovery worldwide, Greece had a growth rate of 4% for the fourth year in a row. He also expressed the view that the Greek economy will not be affected negatively as a result of the pre-election period.
Mr. Garganas expressed concern regarding inflation, which is on the decline but nonetheless continues to be high. He also expressed concern on the public deficit, pointing out, however, that it is encouraging that there was some progress made, adding that there is optimism because the efforts made managed to bring it down to 1.2% from 1.4%.
3287.99
1275.09