Greek Economic Recovery Plan ’Plausible’, Bank of Greece Says

Greece’s efforts to reduce its debt load and the commitment of European Union leaders to support the country may help its economy recover faster than expected, the Bank of Greece said.

“These are positive developments, which create plausible expectations of a recovery of the Greek economy,” the Athens-based central bank said in its monetary-policy report published today. If Greece implemented all measures it committed to consistently and speedily, its economy could recover even faster, it said.