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Tag Archives: Stournaras

Publisher Journalist Vaxevanis arrested for slander following lawsuit by BoG governor’s wife

Greek publisher and journalists Kostas Vaxevanis was briefly detained after  the wife of Greece’s central banker Yannis Sournaras filed a lawsuit against him for slander. A day earlier, Vaxevanis newspaper had alleged that Stournaras’ wife was using her husbands’ influence to acquire state contracts for the public relations company. A …

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Greek Gov’t tells central banker Stournaras to stay out of politics

The Greek government told the country’s central bank chief to stay out of politics. On Monday, the Governor of Greek’s Central Bank and former finance minister Yannis Stournaras urged the government to  wrap up the second review of the current bailout program. Stournaras warned that the delay in concluding the …

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BoG Stournaras: Greece to ease capital controls soon

Greece will soon ease capital controls further but full liberalization will depend on progress in easing the country’s debt burden, which is also a precondition for entering the ECB’s asset buying scheme, central bank chief Yannis Stournaras said. Propped up by three successive bailouts, Greece hopes to emerge from a …

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BoG Monetary Policy Report: High Taxation has recessional effects

In its Monetary Policy Report 2015-2016, the Bank of Greece urges for overhauling of the bailout agreement with 20-year extension of the loans, lower the Primary surplus target to 2%.  The report describes the high taxation as “recessionary” and calls for a shift of policy focus towards reforms and privatizations, …

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Rebel Yell: BoG Stournaras warns “Germany is a threat for the eurozone, not Greece”

Bank of Greece governor and former Memorandum of Understanding II Finance Minister Yannis Stournaras finally ound back to his rebel alter ego of social democracy and other nice stuff. Apparently tied of being a slave of the creditors, rebel Stournaras raised his head and attacked … Germany. “The present risks …

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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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Greeks are holding their breath as the countdown for Gov’t reshuffle ticking

Greeks are holding their breath in agony and expectation. The countdown clock for Greece’s coalition cabinet reshuffle is ticking. It is ticking to the right – Samaras’ Nea Dimokratia – , it is ticking to the left -Venizelos’ PASOK. According to latest media reports, it is also ticking to the …

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Greece’s Tax-Collector Theocharis, the General Secretary of Public Revenues forced to resignation

Haris Theocharis, general secretary of Greece’ public revenues was forced to resign. Officially, Theocharis submitted his resignation “for personal reasons”. Unofficially, he was forced to resign and thus before the upcoming government reshuffle aiming to build a “social policy profile” around Prime Minister Antonis Samaras. Haris Theocharis submitted his resignation …

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Greek Cabinet “paralyzed” awaiting Government reshuffle

The ministers have closed their files and opened their laptops. They surf on internet, call journalists closed to Prime Minister Samaras and deputy Prime Minister Venizelos, they read and analyze reshuffle scenarios trying to guess whether they will remain seated on their chairs, climb on new ones or they will …

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You know the economic crisis is over, when Greek FinMin…

The Greek economic crisis is over! Finance Minister Yiannis Stournaras said so to daily The Globe and Mail. In order to convince the Canadian journalist about the bright side of the recovering Greek economy Stournaras came up with an unquestionable argument: He replaced the windows of the finance ministry in …

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Stournaras refutes Stournaras: he wants to stay in FinMin despite ND criticism on EP elections results

“I am not going to turn into a punching bag,” Greek Finance Minister Yiannis Stournaras had let his critics know through his close aides. “I do not wish to stay in the ministry under these circumstances,” Stournaras had felt the need to reply to criticism coming from Nea Dimokratia that …

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FinMin Stournaras saw the light before elections: “It’s time for the rich to pay”

Incredibly short before the elections, Finance Minister Yiannis Stournaras saw the light. Two years after running Greece’s finances, Stournaras realized that it was the employees and pensioners bearing the load of over taxation and coming up for the obligations of the debt-ridden country. “It’s time for the rich to pay,” …

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Greece got a plan: a “development model” named “Greece 2021”

Greece got a plan. A growth and development plan with the futuristic title “Greece 2021”, that is seven years from now. The plan was submitted by Finance Minister Yiannis Stournaras to Euro Working Group on Thursday in Brussels in the context with the Greek debt relief request. Here is to …

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