Luca Katseli, chief of the National Bank, addressed the annual Clinton Global Initiative Congress in New York, and spoke about Greece’s position after the completion of Greek bank recapitalization this year.
“The Greek banking sector will be in a position to finance viable business and investment initiatives, with an innovative orientation in a series of sectors in which the country has comparative advantages” Katseli said.
She was speaking during a discussion on “The Greek Crisis and Beyond” together with Nobel Prize Winner in Economic Science, economist, and university professor; Joseph Stiglitz.
Katseli stressed that despite difficulties arising from an agreement reached with the country’s creditors, 2015 could become a landmark in restarting the Greek economy if conditions for political and economic stability are met.
“A simpler and more stable tax system, lifting all bureaucratic hurdles for starting, licensing and operating enterprises and accelerating judicial procedures, are the cornerstones for boosting investments and improving economic competitiveness in the country”, the National Bank’s president said.
Katseli stressed that the aforementioned are “the cornerstones for boosting investments and improving economic competitivness in the country” [Greece].