Athens News Agency: News in English, 10-06-08

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Bankers flatly dismiss euro exit speculation

[01] Bankers flatly dismiss euro exit speculation

Speaking to reporters after the meeting, Vassilis Rapanos, the president of the Association, categorically denied speculation regarding any debt rescheduling or the likelihood of Greece exiting the Eurozone.

"These rumors are completely unjustified, people should not pay any attention," Rapanos said, while he added that there was no panicking amongst citizens. The Greek banker said questions were raised over these reports and he reassured local depositors.

Rapanos said the Association also assured the ND president over the stamina of the domestic banking system, while Nikos Nanopoulos, vice-president of the Association, said a condition for a recovery of the economy and its exit from the unprecedented debt crisis was to restore confidence in the economy and its prospects, while he stressed that banks would operate positively to help the economy.

ND Deputy and former minister Costis Hatzidakis told reporters that Greece was doomed to achieve its goals and stressed that everyone should agree on this.

"We donât need misery, but efforts towards development to begin," he said. Hatzidakis noted that the New Democracy party has recommended specific proposals to help towards this direction and urged the government to move forward with actions.

Athens News Agency: News in English Directory - Previous Article - Next Article