Bank of Greece Gov. Stournaras: Greek Manufacturing Behind EU

Bank of Greece (BoG) Governor Yannis Stournaras referred to the spread that still exists successful Greek manufacturing activity, contempt the affirmative steps taken successful caller years, speaking astatine an lawsuit organized by IOBE under the title “Challenges and Opportunities for the European and Greek Economy: The Contribution of the Manufacturing Industry.”

To span this disparity, Stournaras outlined 4 cardinal pillars: the greenish vigor transition, strengthening integer transformation, amended utilization of EU funds, and enhancing the internationalization of Greek industry.

He pointed to the burdensome vigor costs that Greek industries proceed to look and added that Greece still ranks debased successful Europe successful terms of some marketplace stock and productivity.

However, the caput of the Bank of Greece noted that successful caller years there has been a important summation successful probe and improvement investments while emphasizing that the Greek concern assemblage indispensable code a analyzable acceptable of modern challenges. He besides stressed the request for strategic autonomy, highlighting however the war successful Ukraine exposed Greece’s dependence connected fossil fuels.

Stournaras stated that the revitalization of Greek manufacturing is achievable, citing the caller technological environment, which “requires extremist changes.” He mentioned that of the €36 cardinal successful investments made successful caller years, much than fractional were directed toward the Greek concern sector.

According to the country’s cardinal banker, the further upgrade of the manufacturing assemblage is expected to boost Greece’s wide economical growth.

However, helium underlined that achieving this extremity requires the formulation of a nationalist strategy.

Source: tovima.com