ECONOMY

Risk of Grexit ‘drastically reduced,’ central banker says

The risk of a disorderly Greek eurozone exit has eased substantially, Greece’s central banker said in an interview Thursday as he called for a more aggressive pursuit of structural reforms.

“The risk of a Grexit accident has been drastically reduced,” Bank of Greece governor George Provopoulos told AFP, while noting progress on reforms that is enabling the country to enter a “virtuous circle.”

However, Provopoulos called for a “more aggressive” implementation of structural reforms demanded by the country’s foreign creditors in exchange for rescue aid.

“We have quite a long agenda of things to do, regarding privatizations, reform in the product and services market, improving the tax collecting mechanism which has a number of weaknesses and so on,” Provopoulos told the agency.