Re­cap key to growth

Kathimerini English - - Front Page -

The Greek bank­ing sys­tem has paid a heavy toll for the bank­ruptcy of the state and will con­tinue to do so. We must not for­get that banks were in­stru­men­tal in Greece’s suc­cess in be­com­ing a re­gional force in the south­ern Balkans. The re­cap­i­tal­iza­tion of lo­cal banks can be achieved de­spite the odds and help them stand up on their feet again. The com­ple­tion of the re­cap and the strong pres­ence of pri­vate in­vestors would first of all en­sure that Europe’s life­line to Greece con­tin­ues and, sec­ond, that the coun­try will fi­nally re-en­ter a phase of growth and de­vel­op­ment.

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