Europe needs road map to sustainable growth, Katseli says
A sustainable growth dynamic required not only the expansion of productivity and competitiveness of an economy, meaning the constant economic transformation, but safeguarding and constantly expanding descent living standards for citizens, protecting natural habitat, natural resources and the social and environmental transformation of Europe, Louka Katseli, chairman of National Bank and Hellenic Bank Association president said on Thursday.
Addressing the annual conference of FEACO, held at National Bank’s amphitheatre “Th.Karatzas”, Kateli said that Europe has currently downgraded its development dimensions (economic, social and environmental) thus its policies were not efficient and sustainable. The Greek banker underlined three necessary reforms: setting conditions to expand investments and productivity, development and use of new funding tools and setting up powerful institutional for development governance.
Katseli noted that the course of Europe will be determined by the collective ability of all to agree on a common road map of sustainable growth and protecting social rights.
