Friday , December 14 2018
Home / Tag Archives: Stournaras

Tag Archives: Stournaras

Bank of Greece links recent plunge of banks stocks to “interest rates rises”

The Bank of Greece has linked the latest developments in the Athens Stock Exchange and the plunge of Greek banks stocks to exogenous factors such as rises in interest rates internationally and in Greece’s neighbouring countries in particular. In a statement issued on Wednesday, the Bank of Greece stressed among …

Read More »

Greek households & businesses still keep billions under mattresses or abroad, says BoG governor

The governor of the Bank of Greece, Yannis Stournaras, has said that Greek households still keep their money away from the banking system because they are afraid of their savings. He claimed that 12 to 14 billion euros are under mattresses and that businesses have another 10 billion euros abroad. …

Read More »

Bank of Greece governor Stournaras sues witnesses in Novartis bribery probe

Greece’s central bank governor on Wednesday filed a lawsuit against two witnesses who reportedly claimed he was among several senior politicians who received illicit perks from embattled Swiss pharma giant Novartis. Yannis Stournaras’ office said in a statement the two protected witnesses, known only under their aliases, should be punished for …

Read More »

Greece, creditors resume talks on “reforms” and “fourth review”

Greece and its foreign creditors resumed talks on Monday over a set of reforms the country needs to implement before its multi-billion bailout program expires in August. Privatizations, electronic property auctions, an elimination of tax breaks in certain islands, labor and energy sector reforms, and measures to make Greek public …

Read More »

Prime Minister’s office attacks BoG governor as “a failed finance minister”

The Greek government and the Prime Minister started a war against the Governor of the Bank of Greece, Yannis Stournaras, and officially described him as “a failed finance minister”.  The war broke out just hours after a BoG Interim Report on the Monetary Policy 2017 suggested a “Memorandum Light” for …

Read More »

Greece needs a “precautionary support program” after Aug 2018, says Bank of Greece

BoG governor Yannis Stournaras and the Bank of Greece claim that Greece will need a “precautionary support program” after the current fiscal adjustment program concludes in August 2018. In the Interim Report on Monetary Policy 2017, the Bank of Greece says among others: “Such a precautionary support framework should assist …

Read More »

Greece probes Central Bank governor Stournaras over alleged leak

Greece’s central bank governor is under investigation by an anti-corruption prosecutor over the alleged leaking of an auditor’s report on Piraeus Bank, a troubled Greek lender accused of violating capital controls imposed at the height of the country’s financial crisis. Citing “two sources with knowledge of the case,” , a …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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, …

Read More »

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 …

Read More »