The move to reshuffle the Greek team that conducts negotiations with creditors will help the situation, but the government must decide on serious reforms to make progress in talks, Bank of France Governor Christian Noyer said Tuesday.
In an interview to Europe 1 radio, Noyer said the government’s move to reduce the role of the Greek Finance Minister Yanis Varoufakis in the negotiating team “does not change the substance at all”.
He said the Greek government must decide to undertake serious reforms to put the talks back on track.
Noyer, whose term is set to end in October, also said the French economic growth could exceed 1.5 percent next year if bold reforms are implemented, especially in the labor market.
“If we want to do reforms, it’s now, straight away, it’s urgent,” Noyer stressed. It was because the country faces presidential election in 2017.
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