Bloomberg News

ECB’s Provopoulos Says Greek Contraction May Be 5.8% This Year

November 29, 2011

Nov. 29 (Bloomberg) -- George Provopoulos, the head of the Greek central bank, said the economy’s contraction this year may be closer to 6 percent of GDP.

The shrinkage will be closer to 6 percent than 5.5 percent, maybe 5.8 percent, Provopoulos told lawmakers in Athens today.

To contact the reporter on this story: Marcus Bensasson in Athens at

To contact the editor responsible for this story: Maria Petrakis at

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