LONDON Feb 7 Structural and fiscal reforms in
Greece and the euro area are working but the situation in the
debt-laden country remains fragile, partly due to political
uncertainty, Greece's central bank chief said on Friday.
"Supported by the ECB's policies and the strengthening of
the EU's architecture, that recipe is working," Provopoulos said
in a speech. "Political uncertainty, and the risks associated
with that uncertainty, could escalate ahead of the European
Parliamentary and local Greek elections that will take place in
May, undermining the recovery."
"Despite these risks, I am confident that Grecovery is on
the way," he said.