Citi paints a decidedly positive picture this week of the Greek economy – a few years after forecasting that the country would crash out of the Eurozone – with a report by the investment bank citing a significant reduction in political risks, a less restrictive fiscal policy, and improved prospects, naftemporiki.gr reports.
Citi also refers to a rise in the recovering Greek economy’s credibility, hours before S&P released a ratings review on Friday.
Based on the investment bank, which sold-off its retail banking operations in Greece during the crisis, higher consumption in combination with the abolition of capital controls is expected to boost domestic demand. Additionally, an approved mechanism to curb NPLs, via state financing, is expected to boost liquidity, which remains “tight”.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
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