Greece Central Bank Gov Provopoulos: Reiterates view that 2013 to have a budget surplus and country to register positive GDP growth in 2014
- Reiterates view that 2013 to contract 4.0%
- 2013 to have a current account surplus due to falling imports and strong tourism
- Govt must continue with reforms.; polarized political climate is a risk to the economy.
- Country's banking sector has become stronger and leaner following recapitalization this year
- Bank recap fund can draw on €8.0B buffer if stress tetst show lenders require additional capital
**Reminder: On Oct 7th Greece draft budget expected to show 2013 GDP at -4% and growth in 2014
- 2013 to have a current account surplus due to falling imports and strong tourism
- Govt must continue with reforms.; polarized political climate is a risk to the economy.
- Country's banking sector has become stronger and leaner following recapitalization this year
- Bank recap fund can draw on €8.0B buffer if stress tetst show lenders require additional capital
**Reminder: On Oct 7th Greece draft budget expected to show 2013 GDP at -4% and growth in 2014