Bank of Greece

Greek September current account surplus widens, tourism revenue grow

Greece's current account balance showed a larger surplus in September compared to the same month last year, thanks to higher tourism revenues, the Bank of Greece said on Wednesday.

Central bank data showed the surplus at 0.887 billion euros ($3.15 billion) compared to a surplus of 0.548 billion euros in September last year.

Editorial: From the ‘Chicago boys’ to the ‘Texas boys’

Ta Nea on 9 November published an interview with American economist and Nobel Prize winner Joseph Stiglitz in which he essentially admitted that he and a team of his colleagues from the University of Texas in 2015 were working on a plan for Greece to return to the drachma and leave the eurozone.

He viewed this prospect as an attractive solution for Greece's economic problems.

Two of China's largest banks moving to Greece

Two of China's biggest banks plan to do business in Greece, the Bank of Greece, has announced. 

Specifically, the central bank informed the Development Ministry on October 31 about the establishment of branchs of a branch of Bank of China (Europe) Luxembourg. 

The branch is to be located at Mesogeion Avenue, 2, and has a launch date of November 1, the BoG said. 

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