European Central Bank Vice President Luis de Guindos on Monday praised the progress made by the Greek economy. He was clever enough, though, to observe that the Greek people have not felt the improvement in their daily lives yet.
“The Greek people, despite not yet feeling the improvement shown by statistical indicators in their daily lives, are nevertheless facing the future with greater optimism,” de Guindos said. ANA reports.
Addressing an event organized by the Foundation for Economic and Industrial Research (IOBE), de Guindos noted that non-performing loans were the most serious problem the Greek economy is facing and underlined the need to use all available means to deal with the problem.
He said that the Greek economy has entered a growth course, with growth rates exceeding average rates in the EU.
He reiterated the ECB’s estimates for a more rapid economic growth rate in the Eurozone in the second and third quarters of the year.
