ECONOMY

Confident on next tranche

Bank of Greece Governor Giorgos Provopoulos brushed aside concerns on Friday that Greece may be denied the next tranche of financial aid, while also firmly rejecting the idea of any kind of debt restructuring.

However, speaking to Market News International, the central bank chief urged Greece?s government to push ahead with an ambitious and large-scale privatization of state assets.

?My impression is that if we deliver, and that can be completed in the coming few days, there will be an immediate reaction from the other side,? said Provopoulos, who is also the Greek representative on the European Central Bank?s rate-setting Governing Council.

The remarks come after Eurogroup head and Luxembourg Prime Minister Jean-Claude Juncker indicated on Thursday that the International Monetary Fund may withhold the next tranche of badly needed financial aid for Greece.

He also said any kind of debt restructuring could be ?accompanied by contagion? and ?would damage the credibility of the Greek sovereign and the euro itself.?