Over the past 15 years, Greece has made impressive strides in
Over the past 15 years, Greece has made impressive strides in its capital market, reflecting the general economic improvement, says OECD Director of Economic and Business Affairs, Carmine di Noia.
Speaking to Ot.gr during his visit to our country to participate in the International Conference on Corporate Governance organised by SEV and the Hellenic Capital Market Commission, Mr Di Noia says that our country has made significant macroeconomic progress (although it started from a problematic starting point), as evidenced by the improvement in government bond yields compared to other EU countries.
Di Noia notes that Greece has managed its sovereign bond issuance effectively and adds that it is doing an excellent job of managing its public debt. He describes the key to growth as increasing market liquidity by diversifying the supply of equities – including through state-owned enterprises – which favor greater investor participation.
Pension reform
For Mr Di Noia, a notable reform from our country’s side is the transformation of the Greek pension system, in particular by introducing an asset-backed structure in the first two pillars. This reform has the potential to direct more funds to the equity and bond markets, strengthening both.
He also cites the example of
Content Original Link:
Read Full article form Original Source OIKONOMIKOS TAXYDROMOS
" target="_blank">Read Full article form Original Source OIKONOMIKOS TAXYDROMOS
