Greece's central bank chief said on Monday that fiscal and structural measures within the EU/IMF support package for Greece will help to return the country's economy to growth and with sustainable public finances.
The support package agreed between the Greek government and the European Commission, the ECB and the IMF provides the government with a unique opportunity to adjust the economy, George Provopoulos, a Governing Council member at the European Central Bank said in a speech at an economic conference.
I have no doubt that the government will take whatever measures are needed to attain its fiscal objectives to ensure fiscal sustainability, he said. It will, however, take some time to convince the markets of the government's determination to achieve those goals. (Reporting by George Georgiopoulos, editing by Mike Peacock)