Economy runs risk of ‘irreparable damage,’ warns Stournaras

Bank of Greece Governor Yannis Stournaras warned on Monday of the risk of «irreparable damage to the Greek economy» from ongoing political uncertainty and the resulting reduction of liquidity in the market.

Speaking at an event in Athens, Stournaras said that Greece could be used as «a scapegoat» or an «Iphigenia to be made an example of to other member states of the eurozone periphery.”

The former finance minister called on MPs to give careful consideration to the presidential vote and on the country’s political parties to cooperate for the good of the nation «as the crisis of recent days is growing to a serious magnitude.”