Bank of Greece (BoG) Deputy Gov. Ioannis Mourmouras this week said the thrice bailed-out country’s primary economic policy goal over the coming years should be an upgrade of Greek state bonds to investment grade level (BBB-).
Bank of Greece (BoG) Deputy Gov. Ioannis Mourmouras this week said the thrice bailed-out country’s primary economic policy goal over the coming years should be an upgrade of Greek state bonds to investment grade level (BBB-).
Speaking at a round-table discussion at NYC’s Metropolitan Club on Monday - organized by Market News International (MNI) - and in the presence of several top investment bankers and fund managers, the Greek central banker said such a prospect is “necessary, but not in itself a sufficient condition for the sustainable growth of the Greek economy and the creation of new job spots.”
He underlined the key to viable economic growth and new jobs is implementation of already agreed to reforms – as mandated by creditors - in tandem with more aggressive efforts to attract investment capital from abroad.
Mourmouras also called for a “drastic” reduction in the tax rates imposed on corporate and business profits in the country.