The Governor of Bank of Greece Giorgos Provopoulos told Market News International that the Greek government must push ahead with ambitious and large-scale privatization of state assets.
"My impression is that if we deliver, and that can be completed in the coming few days, there will be immediate reaction from the other side," he stated.
Provopoulos said that any kind of debt restructuring could be "accompanied by contagion" and "would damage the credibility of the Greek sovereign and the euro itself."
"I have already said that Greece will be able to pay back the full amount of its debt without any kind of re-profiling if it fully implements the adjustment program," he was quoted as saying.
Responding to the a question regarding the risk of Eurozone exit, he commented that this talk is "entirely ridiculous".
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