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Ex BoG governor: “IMF warned in 2008, Greece’s long-term debt would soar to 800% of GDP”

Former Governor of the Bank of Greece Giorgos Provopoulos revealed that the in May 2008, the head of the IMF’s mission to Greece Bob Traa had estimated that Greece’s debts were over 800% of the GDP. Speaking at the annual meeting of the Federation of Hellenic Food Industries (SEVT), Provopoulos …

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Outgoing BoG Governor had “sleepless nights” not knowing what currency Greece could possibly have

Outgoing Governor of Bank of Greece Giorgos Provopoulos certainly touched the heart of millions of Greek jobless and low-pensioners who shared with him more or less and for other reasons the nightmare of the Greek crisis. In the same mode like his successor Stournaras, Provopoulos claimed he spent sleepless nights …

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Yiannis Stournaras is the new Governor of Bank of Greece

For some blessed people the stars are always shining above their heads. Hardly had Yiannis Stournaras lost his job as Greece’s Finance Minister, a new job has been waving to him and thus with better salary and much more benefits.  Stournaras’ new job is to be Governor of Bank of …

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BoG Provopoulos: Banks must pull the plug on non-viable companies

“Greek banks must let weak companies fail,”  George Provopoulos, governor of Greece’ central bank Bank of Greece told the Financial Times and added that consolidation of the economy should be encouraged, if the country is to return to sustainable growth. “Following such a deep crisis we need strong consolidation [of …

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Bullets sent to Bank of Greece governor and private TV journalist

Two envelopes containing bullets were sent to governor of Bank of Greece, Giorgos Provopoulos, and well-known journalist Yiannis Pretenderis, who works at private Mega TV. The envelope to Provopoulos was containing two bullets and a threatening note, the envelope to Pretenderis had one bullet. A previously unknown organization calling itself …

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BoG Provopoulos: Greek banking system “is standing on a solid foundation”

The issue of non-performing loans to enterprises and households must he resolved in a systematic way, Bank of Greece governor George Provopoulos said on Wednesday. According to AMNA, addressing a seminar organized by the Federation of Hellenic Enterprises (SEV), the central banker said that the accumulation of bad debts –that …

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BoG Governor: Greece’s recovery program still fragile; growth in 2014

“Greek government should push ahead with structural reforms aiming at boosting the economy,” Governor of Bank of Greece Giorgos Provopoulos told the Parliament on Tuesday. Presenting the central bank’s interim monetary policy program, Provopoulos advised the government also to avoid the imposition of new taxes in order to raise revenues …

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Bank of Greece report: economy rebalancing, but 28% unemployment for 2013

Greece is moving forward. Like a wild horse in the prairie, the debt-ridden country is galloping towards economic recovery and prosperity for all. If only there were not the grimy numbers predicting that the wild cart called Greece has still long way to go, as week by week, the economic …

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Governor BoG: “Greece is gradually exiting economic crisis”

I was really impressed this Monday noon to listen to promising and inspiring message of the governor of the Bank of Greece. “Greece is exiting the economic crisis,” Giorgos Provopoulos told audience at central bank’s annual shareholder meeting. Despite the markets’ confidence, Provopoulos did not forget to stress that Greece’ …

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Bank of Greece: List of Monthly Salaries for Governor & Co

At first sight the net salaries of governor George Provopoulos and other board members of the Bank of Greece are not particularly striking. For example, Provopoulos earns  7.615,92 euro per month, two deputy governors 8.148,12 and  7.373,64, three others 4.596,91,  5.944,26 and 6.765,87 euro respectively. Some of them do not pay …

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BoG Report: Greek Economy to Shrink 5% and Unemployment to Skyrocket 19% in 2012

“No reforms, no growth”. That is the conclusion of Giorgos Provopoulos, Bank of Greece chief, in his report for Greece 2012. Economy will shrink by 5% and unemployment will be over 19%, even if Greece sticks to reforms and the fiscal adjustment, as dictated by the second bailout. Nice perspective… Greece΄s …

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Greek Banks: Stress Tests, Haircuts and Mergers

Hot weather and stress are both known to cause sweating. Currently the majority of Greeks are loosing volumes of sweat due to recession stress and the bankers don’t seem to be  exception to the rule. Eight Greek Banks are waiting the official result of CEBS’s stress tests to be disclosed on July …

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