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Tag Archives: reduce

BoG Stournaras: ECB must reduce rates four times within 2024

The European Central Bank must cut borrowing costs twice before the August summer break and another two times before the end of the year, without being influenced by the US Federal Reserve, according to ECB Governing Council member and governor of the Bank of Greece (BoG) Yannis Stournaras. “It is …

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Greece reduces quarantine for asymptomatic Covid-carriers to 5 days

Greece like USA: Hardly had the US Centers for Disease Control and Prevention (CDC) announced that it reduce the time period of quarantine for asymptomatic Covid-carriers and the Greek Health Ministry adopted the same measure. The quarantine will be reduced to five from ten days that is valid nowadays and …

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Greece’s “priority is to reduce migration flows,”says Migration Minister

The government’s priority is to reduce migration flows to the Eastern Aegean islands, new Migration and Asylum Minister Notis Mitarakis said on Sunday while visiting islands in the eastern Aegean Sea. The new Migration Minister visited Samos and Lesvos in order to ease locals’ reactions to the planned closed accommodation …

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Bank of Greece’s plan to reduce non-performing loans by €40billion

The Bank of Greece is reportedly drafting a plan to reduce non-performing loans of Greek systemic banks by 40 billion euros. The plan will be included in a Financial Stability report to be released by the end of the week, reports Athens news agency amna on Tuesday citing sources. The …

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