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GreeceBusinessEurozone nears end of tight monetary policy cycle, Stournaras says

Eurozone nears end of tight monetary policy cycle, Stournaras says

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Eurozone is near the end of a tigher monetary policy cycle, Bank of Greece governor Yannis Stournaras said on Wednesday.

Addressing a conference organised by the Federation of Insurance Companies of Greece, the central banker said Greece was also close to obtaining the investment grade. “The Greek economy and Greek banks lived through a big crisis, three memorandums, and this has benefitted us,” Stournaras said, adding that Greek banks have satisfactory liquidity.
The central banker said insurance companies can play a double role in moderating and adjusting climate change as risk managers and investors directing their money to actions contributing to climate policies.

Stournaras said that the coronavirus pandemic and recent natural disasters highlighted beyond any doubt the lack of private insurance by Greek consumers. He said he would welcome the introduction of incentives aimed to faciliate the increase of insurance business in Greece.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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