Economics
Greek Central Bank Chief Warns Bailout Delay Risks Rerun of 2015
- Stournaras says country must complete review immediately
- EU says government ‘significantly’ outperformed budget target
Tsipras Lashes Out at IMF Over Legislation
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Greece must immediately reach an agreement with creditors on the release of bailout funds or risk another recession and even more austerity measures, the country’s central bank chief said.
“Any further delay in completion beyond this month will feed a new circle of uncertainty,” Bank of Greece Governor Yannis Stournaras told lawmakers in Athens on Monday, saying this could make reaching a deal harder. “Such a vicious cycle could return the economy to recession and a rerun of the negative developments that took place in the first half of 2015.”