So says Central Bank chief George Provopoulos (article from yesterday)
- economy contracted 20% since ’08
- CB sticks to forecast for a 4.5% contraction in national output
- strict adherence to targets will ensure funding and eliminate risk of Grexit once and for all
- the worst is behind us – time to attract new investment
Fin Min Yannis Stournaras
- cannot let up on fiscal goals
- we are 2/3s of the way there
- we have turned the corner having been to the cliff edge
- merging of banks will strengthen and get better access to funding markets
