A SUPPLEMENT TO EUROMONEY/JUNE 1996Time for tough decisionsThe long-term outlook for Greece’s economy is promising. But investors say the government needs to drastically rethink ways to increase productivity, develop the bond and stock markets, and boost privatization. By Katharine MortonEven though Athens is a frustrating place to be at the moment much has been achieved in the past three years: the government has brought inflation down to single digits for the first time in over 20 years, checked the public deficit, opened new trading areas in the Balkans and deregulated the capital markets. |
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