Bank of Greece

Stournaras aims to shore up embattled banking system with 10bn euros in liquidity

As the end of the lockdown is already in sight in Greece the day after the coronavirus outbreak is already stirring extreme concern in the government, among financial players and analysts, and not least in the Bank of Greece with the governor of the central bank, Yannis Stournaras, scampering to come up with 10bn euros to bolster the Greek banking system and avert yet another bank crisis.

Editorial: Crucial crash tests

After eight months in power the government finds itself in a rough patch as it must grapple with a variety of intractable issues at once.

It must wage battles on a number of fronts in an unstable international environment with constant vicissitudes and with the main opposition party on the attack on various important issues.

Central bank governor appointed chair of ECB's audit committee

The European Central Bank (ECB) appointed Bank of Greece Governor Yannis Stournaras chairman of the European bank's Audit Committee.

Stournaras had been elected member of the ECB's Audit Committee in September 2018.

In his new capacity he replaces Ewald Nowotny, former governor of Oesterreichische Nationalbank.