In comments to Kathimerini news daily, the chief executive officers of National Bank, Leonidas Frangiadakis, Alpha Bank, Dimitrios Mantzounis, Piraeus Bank, Anthimos Thomopoulos, and Eurobank, Fokion Karavias, highlight the need for a quick conclusion to negotiations with a deal that will ensure Greece's future in the eurozone and pave the way for a long period of sustainable growth.
"The time factor is extremely important and it would be a shame if Greece did not make the most of the particularly positive economic environment created by the monetary easing policy of the European Central Bank and the significant drop in oil rates," Frangiadakis said.
"Dispelling uncertainty is crucial, not just for the credit sector but generally for the Greek economy, which has an inherent dynamism," said Mantzounis. For Thomopoulos, the key to economic recovery lies in "breaking the cycle of underfinancing and investment flight."
"The country is experiencing conditions of prolonged credit pressure and uncertainty which distort the economy," added Karavias. "This situation cannot continue. Time is a decisive parameter. The need for a realistic agreement with our institutional partners is immediate and it will have to be adopted by the majority of political parties, as was the case in Portugal, Ireland and Cyprus.
Source: Kathimerini
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