Greek public debt remains sustainable at least until 2030 despite its increase as a percentage of GDP, Bank of Greece governor Yannis Stournaras said on Tuesday, and despite the fact, the pandemic and the fiscal measures taken are expected to permanently increase the funding needs to service this debt, ANA reports.
Addressing an event organized by the Economic Chamber, the central banker recommended that the cash buffer of the public sector should remain at high levels in the next years as it contributed to preserving a low risk of refinancing the public debt, offering more confidence to investors.
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