Tag Archives: Stournaras

Governor of the Bank of Greece, Giannis Stournaras, put a break to the ambitious pre-elections announcements and financial promises by several political parties including ruling New Democracy. At the same time, he indirectly intervened in the elections campaign in favor of ruling New Democracy that aims to be the winner …

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Eurozone is near the end of a tighter monetary policy cycle, Bank of Greece governor Yannis Stournaras said on Wednesday. He expressed his belief that “we have come close to the end of interest rate increases”. Addressing a conference organized by the Federation of Insurance Companies of Greece, the central …

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The Greek economy will grow faster than the expected average rate of 2% in the next decade because of specific reasons, the Bank of Greece’s governor Yannis Stournaras said on Wednesday. Addressing an EIB’s event in Athens, the Greek central banker said these reasons were: the unusually high private sector …

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The European Central Bank (ECB) should continue its bond-buying stimulus programme at least until the end of the year and keep it open-ended to cushion the fallout from any conflict in Ukraine, ECB policymaker Yannis Stournaras told Reuters. He was the first ECB official to spell out how events in …

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Bank of Greece governor Yannis Stournaras appeared even more optimistic about the future of the Greek economy than the government in an interview with Politico on Tuesday. Stournaras estimated that GDP growth in 2021 will exceed 6 percent. In fact, he predicted that the country’s GDP at the end of …

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“Greek economy is gradually returning to normality,” the governor of  Bank of Greece, Yannis Stournaras, said on Tuesday. Briefing the Parliament about the BoG interim report on Monetary Policy 2019. Among others, he stressed the need to deal with the high rates of non-performing loans and to reduce the primary …

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We have a lovely expression in Greek: περσινά ξινά σταφύλια literally translated into “last year’s sour grapes.” We use it to declare that something we hear or learn we have been known already. The governor of Bank of Greece, Yannis Stournaras, apparently has run out of points of criticism to …

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Bank of Greece  governor Yannis Stournaras estimated that growth rates could rise higher than 3 percent after 2020, given the right conditions. However, the Bank of Greece estimated that GDP will grow by 1.9 percent this year, while in 2020 the growth rate will exceed 2 percent. Speaking at an …

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A prosecutor dropped the probe into governor of the Bank of Greece, Yannis Stournaras, after finding no evidence linking him to claims by the former government in connection with the Novartis bribes scandal. The shelving Thursday of a legal suit against him involving Swiss drugmaker Novartis, officially ended a “brazen …

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Governor of Bank of Greece, Yiannis Stournaras has warned of the risks of the Greek economy  claiming that the primary surplus will not be at the calculated level, growth will be lower, and that the profitability of the banks will not be the expected one. These are the crucial highlights …

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The governor of Bank of Greece Yannis Stournaras sounded warning bells over the current Tsipras government pre-election measures, saying there is no “fiscal space” this year for further benefits beyond those foreseen in the currently executed 2019 budget. The one-time finance minister, before 2015, again reinforced his reputation as a …

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The Bank of Greece on Monday lowered growth prospects for 2019 to 1.9 percent, from a previous forecast of 2.3%. It said that the country’s GDP grew by 1.9% in 2018, down from an initial 2.1 pct growth rate. The state budget envisages a growth rate of 2.5 pct this …

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Neo-liberal policies will be implemented in the social security and pensions sector, should New Democracy come to power. ND leader Kyriakos Mitsotakis and Bank of Greece governor, Yannis Stournaras, fully agree on that. New Democracy (ND) leader Kyriakos Mitsotakis pledged to abolish the so-called Katrougalos law that cut pensions once …

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Alternate Health Minister Pavlos Polakis has reportedly recorded a phone conversation with the governor of Bank of Greece, Yannis Stournaras, and leaked the content to a SYRIZA-friendly media outlet, Greek media report on Tuesday. In the focus of the conversation were the two “consumer loans” totaling €100,000 Polakis took from …

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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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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 …

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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. …

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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 …

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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 …

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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 …

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