The Alpha Bank CEO speaks at the Delphi Forum

While participating in the panel discussion on “Engines for Growth: Is the Production Model of Greece Changing?”, Alpha Bank’s CEO Vassilis Psaltis highlighted the need for a new business culture that will promote innovation and extroversion, so that Greece can change its production model to benefit society. 

As he noted, changing the production model is not the ultimate goal. The aim is to bring society to a better place, with more permanent and quality jobs, as well as greater prosperity and extroversion. Nonetheless, he pinpointed the lack of boldness, when it comes to implementing the driving forces of the Greek production engine, despite the consensus on a political and economic level. As he mentioned, “We need breakthroughs. Without breakthroughs, it is not possible to foster entrepreneurship. Without entrepreneurship, we cannot achieve the desired growth rates, to be able to speak about actual convergence.”

At this point, Mr Psaltis stressed that the current situation is ripe for change, as it combines 3 positive elements: the return to investment grade, the stability in Greece's political life together with its improved credibility, and the opportunity to make the most of RRF funds. “If not now, when?”, asked Mr Psaltis, adding that if the country misses its opportunity to drastically change its production model, then the next crisis will be inevitable.

Alpha Bank participated in the Delphi Economic Forum ΙΧ, which took place in Delphi on 10-13 April 2024. 

Members of the Alpha Bank management team and senior executives contributed to the social and economic dialogue in 12 different panel discussions.