Bank of Greece Governor Calls for Reform of Stability and Growth Pact

ATHENS – The time is ripe for a reform of the Stability and Growth Pact, Bank of Greece governor Yannis Stournaras told the 22nd Rencontres Economiques held in Aix-en-Provence in France. The Greek central banker recommended that the Recovery and Resilience Facility should be transformed into a permanent mechanism linking fiscal policy at the heart...