"The agreement with the creditors entails some recessionary measures, including the requirement to deliver rising primary surpluses" in the next few years, said Nikolaos Karamouzis, chairman of Eurobank Ergasias, the country's third-biggest lender, and of the Hellenic Bankers Association. "This negative impact would be more than offset by a better market and economic climate, QE participation and viable public debt restructuring."