Greek recovery to be based on investment surge, PM advisor says

18:25 12/11/2013 - Πηγή: Matrix24

Addressing a “Capital Vision” conference, organized by the German-Hellenic Chamber, professor Mourmouras expressed his optimism that the worst was in the past and that 2014 would be a year with good news.

Referring to the course from a deep recession to a sustainable growth, he noted this would be the result of a strong investment shock which will come from two sources: foreign direct investments and implementation

of investments plans through a privatization programme (ports, airports, Helliniko, etc).

He also expressed his optimism over the course of Greek banks, saying that a new round of stress tests were no reason for concern because of the reserves held by the Hellenic Financial Stability Fund and of the synergies achieved through bank mergers.

Professor Mourmouras said although international organizations estimated a return to growth in 2014 and achieving primary surpluses, Greece has no room for complacency and that efforts must continue to see the light at the end of the tunnel.

Source: AMNA