Bank of Greece
Bank of Greece head says the crisis was brewing since 2000
Bank of Greece head Yiannis Stournaras said the effects of implementing the memoranda in Greece were devastating, but added the results of a default would have been incalculable, during an event organised by a group called ‘Citizen’s Movement’ on Monday.
Stournaras: Successful completion of review is necessary for future developments
Greece is very close to exiting the crisis as long it does not repeat previous mistakes, Bank of Greece governor Yiannis Stournaras said in the bank’s annual report released on Thursday.
As the central banker noted, the prospect of exiting the crisis was visible today.
Stournaras calls for an immediate completion of program review to avoid catastrophic consequences
Bank of Greece governor Yannis Stournaras said that a first review of the Greek economic program, which already has been delayed, must be completed rapidly, otherwise there will be catastrophic consequences for Greece’s economy.
Stournaras: The urgent completion of the first review is imperative
A successful completion of the first review of the Greek program was of crucial importance, because it would signal the beginning of talks with Greece’s partners on restructuring Greek debt, while at the same time it will be the key to restoring confidence and the return of deposits to the banking system, Bank of Greece governor Yiannis Stournaras said on Monday.
Stournaras: Greece cannot deal with another crisis with the lenders
Bank of Greece governor Yannis Stournaras gave a warning about the risk of Greece failing to reach an agreement with its lenders regarding a set of measures while Prime Minister Alexis Tsipras reiterated his government won’t yield to “unreasonable” demands for more pension cuts.
Bank of Greece report: The basic precondition for economic growth is political and social consensus
Bank of Greece governor Yannis Stournaras sent an urgent message for the need of political and social consensus so as Greece to permanently exit economic crisis.
Mr. Stournaras submitted the bank’s interim report on monetary policy to Greek Parliament setting two preconditions for the return of the economy to normality and then to recovery.
PM Tsipras and top EU executives to participate in Greek Economy Conference
The American-Hellenic Chamber of Commerce will hold for the 26th consecutive year the annual Greek Economy Conference on November 30 and December 1.
Deposits in Greek banks are fully secured, Stournaras says
Bank of Greece governor Yiannis Stournaras reassured that deposits in Greek banks are fully secured since after the recapitalization of banks the danger of a haircut has been eliminated.
Stress test results for Greek banks better than expected
Stress test results for Greek banks are better than expected, a top official at the Bank of Greece said to Reuters.
Bank recapitalizations need to take place by the end of the year
The meeting between Bank of Greece (BoG) governor Yannis Stournaras and European Commission Vice President Valdis Dombrovskis took place on Tuesday.
Stournaras and Dombrovskis underlined that the bank recapitalizations need to be completed by the end of the year.