Bank of Greece: Deal, or momentum is lost

The Bank of Greece is sticking to its forecast which sees the economy expanding 2.5 percent this year, according to its annual report presented yon Friday by Governor Yannis Stournaras, though he warned that the economy will face a series of uncertainties unless an agreement is reached swiftly by the government and the country's creditors.

Addressing a general meeting of the central bank, Stournaras warned that those uncertainties could be exacerbated if Greek state bonds do not find their way into the European Central Bank's quantitative easing (QE) program. If the uncertainty is extended, it will also serve as a deterrent for foreign investments that are a necessary condition for growth, he added.

"However we could have some [good] results in a very short period of time," Stournaras said in his speech, noting that a solution to the impasse in the talks is possible if...