ECONOMY

Tourkolias appeals for joint effort

The chief executive of National Bank, Alexandros Tourkolias, sent out a dual message on Thursday – encouraging the business world to rally behind the national effort and pressing to the government to intensify the reform process that is gradually leading to recovery – while singling out three main challenges ahead for the country.

Addressing a bank event, Tourkolias said that “for the first time since the crisis broke out, the right conditions are beginning to emerge for a gradual economic recovery. It now is crucial… that rallying together should concern us all in entrepreneurship. Even when our decisions heed the profit mentality, our sense of responsibility should help us take into account the psychological impact of each business move,” he emphasized.

The three challenges Greece is to face soon will be continuing to fulfill its basic commitments while boosting its credibility and pressing the country’s partners to resolve issues pending on their part, then to streamline the economy in a manner that will create sustainable momentum for growth, and to the completion of the macroeconomic adjustment and other necessary reforms.

Tourkolias noted that the next quarters will be crucial for the consolidation of the current momentum and did not hide his optimism on the prospects of the economy: “The upcoming decisions for the upgrading of the country’s credit rating are expected to create a virtuous circle of improvement in the conditions for the private sector’s access to the markets, too,” he stated.