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Western EuropeNovember 1 2019

Greek banks shore up national recovery though risks remain

In the year or so since Greece exited its last bailout programme, the country has made some important strides – but much work remains to be done. Kit Gillet reports.
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In a keynote speech on the sidelines of September’s Sibos conference in London, the recently appointed chairman of the Hellenic Bank Association, George Handjinicolaou, said that, after 10 long years: “The Greek financial sector has emerged from its challenges, and is moving steadily, confidently – but also swiftly – into a new era of stability and growth, ready to finance the increasingly attractive prospects of the Greek economy.” 

It was an optimist vision, but Mr Handjinicolaou is not alone in hoping that 2019 will be the beginning of a new period of growth for the Greek financial sector, and for the country's economy in general.

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