Greece will either lower its standard of living, or it will exit the euro and turn decades back, chairman of the Association of Greek Banks and president of the National Bank of Greece (NBG) president Vassilis Rapanos said on Monday, addressing an event at the Athens Stock Exchange for the cutting of the traditional New Year cake.
Rapanos said that the first quarter of 2012 will be decisive for the country, as Greece’s continued stay in the euro or its departure from the European common currency — which would turn the country 20-25 years back — will be determined.
The NBG president called on the political world to join forces, given the crucial nature of the new year and the first quarter of 2012, stressing that everyone must do their duty.
(source: ana-mpa)
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