In order to contain future risks and address the remaining challenges and crisis legacies, the government should implement its reform agenda as soon as possible. Moreover, the continuation of reforms is an obligation to which Greece is bound in the context of enhanced surveillance, as well as a precondition for the activation of the medium-term debt relief measures.
Increased policy credibility through the implementation of reforms, the speeding up of privatisations and unblocking already approved investment plans will increase market confidence in the growth prospects of the Greek economy. An acceleration of NPL reduction through the adoption of a truly systemic solution will improve financing conditions for businesses and households as well as market confidence, and will accelerate investment and GDP growth.