GREEK GROWTH RATE

The cost of the package of measures announced by the PM is between 1.1 and 1.4 percent of GDP annually, which could exceed five billion euros over two years.

“Now that we have an improvement in the terms of borrowing for the Greek state, one should expect an improvement of the terms of borrowing for Greek banks.  We may now have fewer banks, but they are stronger and the future belongs to them,” Stournaras declared.