BoG Governor: «Greece’s Recovery Not Sustainable »Without New - TopicsExpress

BoG Governor: «Greece’s Recovery Not Sustainable »Without New Loans economy by Sotiria Nikolouli - Jul 10, 2014 Greece’s recovery is not sustainable without new loans, Bank of Greece (BoG) governor Yannis Stournaras said on Thursday. Speaking at a BoG event, Stournaras underlined that Greece’s recovery has not relied on bank lending so far, which was practically non- existent. However, he warned that this cannot continue anymore, both in Greece and Europe, adding that the economy should register positive rates of credit expansion so that recovery will be sustainable.

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