Greek Prime Minister Cost as Karamanlis stressed on Tuesday that Greek banking system was robust, secure, and capable of withstanding the shocks of the international crisis.
Speaking after an Inner Cabinet meeting, which focused on the global economic crisis, Karamanlis said the government, with determination, was taking care so that the crisis that has hit the global banking system would be tackled with the fewest possible repercussions for the Greek economy.
He said the government, in cooperation with the country's central bank -- the Bank of Greece -- ensured and guaranteed the stability of the country's banking system and was protecting the interests of its citizens.
Hellenic Bank Association on Tuesday reassured Greek citizens that there was no reason of concern over their deposits with Greek banks.
Christos Gortsos, secretary-general of the association, said a credit crisis currently underway in the United States was also hitting certain European Union states. But he pointed out that the Greek banking system remains healthy and stable as showed in its profitable course this year.
Gortsos said the impact from an international crisis on the domestic market were indirect and did not related with the domestic banking system's core stability, but focused on higher interest rates in interbank markets.
The Institute for Economic and Industrial Research published a report on Tuesday which estimated that economic growth in Greece would total 3.5 percent this year.
Source: Xinhua
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