Tag Archives: Provopoulos

I don’t know if the World Mental Health Day on October 9th had an “inspiring” effect on some people who used to govern Greece. But today a current financial  official and a former politician with high profile, both PASOK, claimed that Greece is and has being ruled by people with …

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The former governor of the Bank of Greece, Giorgos Provopoulos dropped a small bomb just there in front of the members of the Parliamentary committee investigating bank loans to media and political parties. Responding to relevant questions posed by committee members, Provopoulos said that the third recapitalization of banks in …

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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 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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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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“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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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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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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“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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When is the future “foreseeable”? What is the time span in which we can claim we can ‘foresee’ the future? The governor of Bank of Greece, Giorgos Provopoulos, said that there is no way for bank deposits to undergo a haircut in the foreseeable future.” Speaking with representatives of bank …

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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 of Central Bank Giorgos Provopoulos felt the need on Wednesday to repeat for one more time the slogan we, here in Greece, have hearing since Sunday: that “deposits in Greek banks are full protected and thus regardless of the amount”. Officials feel the need to reitarate the same thing …

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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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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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What has being circulating like a rumor in recent weeks, it slowly started to appear  in news portals and blogs, even though hardly in mainstream media:  That the overthrown of labour rights in private sector is due to proposals tabled by the Greek banks and not directly by the Troika. When …

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 Members of the Greek Parliament were stunned to hear the governor of the Bank of Greece, Giorgos Provopoulos, saying that “a very senior member of the Agricultural Bank transferred money abroad and that there is an investigation going on on the issue. Some 8 to 10 million euro  The transfer took place …

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“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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The monetary report of the Bank of Greece is out and forecasts the recession will continue parallel to the rise of unemployment. The governor of BoG says in a sybillic style that “unemployment will exceed 19%” but he refrains from telling where it would stop – i.e. 25%? 40%? Provopoulos …

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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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