This means that we will have to be constantly alert and the relevant mechanisms at the Bank of Greece must operate efficiently at full capacity for as long as it will be deemed necessary.
Basically, the aim of the measures is to restore as far as possible normal market conditions and, along with the interest rate cuts announced by the ECB, to bring interest rates back to levels that do not hinder growth. The government guarantee should also contribute to the reestablishment of banks’ mutual trust and to the normalisation of interbank lending.