Yannis Stournaras

Bank of Greece Governor Yannis Stournaras reiterated on Thursday that the European Central Bank's (ECB) key interest rate will fall to 2% in the autumn, from the current 3%. 

In an interview with Skai radio, he also noted that banks have been making profits lately. 

Greece would have plunged into economic chaos had the country exited the Eurozone during bailout negotiations with lenders in the previous decade, Bank of Greece governor Yannis Stournaras has told SKAI radio in Athens. 

The country "would have ended up like Syria had it exited the Eurozone," Stournaras told the radio station during an interview. 

According to Article 31 of the Constitution, anyone can be elected President of the Republic provided they are a Greek citizen for at least five years, are of Greek descent from either their father or mother, are at least 40 years old, and have the legal capacity to vote.

Hello, holidays and vacations are arriving with good weather, a bit of chill, and some snow, normal for the season. We hear about upcoming natural disasters almost every other day, but thankfully we don’t see them materializing. On the contrary, roads and shops are jam-packed, and hotel and airline bookings, both domestic and international, are nearly sold out.

Domestic structural weaknesses, some of which pre-date the debt crisis and remain, were the focus of the interim Monetary Policy Report by Bank of Greece Governor Yannis Stournaras on Friday, which pointed out that while there are successes and the economy is on the right track, the effort is not complete.

Prime Minister Kyriakos Mitsotakis announced yesterday, during a speech in Parliament, a government intervention plan to “trim” excessive bank fees, particula

Prime Minister Kyriakos Mitsotakis has dismissed the prospect of a windfall tax on banking profits, choosing instead to apply regulatory pressure to address systemic issues within the sector.

Bank of Greece Governor Yannis Stournaras on Monday forecast a 0.25% reduction in European Central Bank interest rates in December and further reductions in interest rates in 2025. 

Addressing a Bloomberg conference organized in Athens, the head of Greece's central bank said that he considers a reduction of the basic interest rate of the ECB in December to be "reasonable." 

The European economy would suffer if Donald Trump enacted his pledges on tariffs and trade barriers, and this could impact European Central Bank policy, Greek central bank chief Yannis Stournaras said on Thursday.

The two prosecutors who decided last week to remove the protective status of two key witnesses in the Novartis case said that there was no indication that they had been the subject of intimidation or retaliation.