Ladies and Gentlemen, Our appeal to the banking sector is to put up strategies that will support and stimulate the private sector. Banks stand to benefit from a strong and vibrant private sector. The CBK has shown the industry the way by the recent successive reduction of the Central Bank Rate and Cash Reserve Ratio.
Crisis legacies and challenges ahead Despite the progress of the Greek economy since 2010 and the debt relief measures decided by the Eurogroup, there are still important crisis-related legacies, such as high public debt, the high stock of non-performing loans, high unemployment, a brain drain, a large investment gap, and relatively high poverty rates in the population.