Bank of Greece

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.

The ‘Troika’ turned ‘Quartet’ representatives met with the governor of the Bank of Greece Yannis Stournaras Friday, after a 6-hour long talk with Greek Finance Minister Euclid Tsakalotos and his colleague Minister of Finance Giorgos Stathakis.

Following the meeting of its Governing Council on Sunday, the European Central Bank (ECB) decided to maintain the ceiling of Emergency Liquidity Assistance (ELA) to Greek banks at its Friday level.

ECB noted the decision of Greek authorities to hold a bailout referendum on July 5 and the non-prolongation of the EU adjustment programme for Greece.

The ECB declined to grant extra cash to help Greeces stricken banking system on Sunday as the government weighed up drastic new measures to contain a growing financial crisis.

The teleconference between the Bank of Greece and European Central Bank is currently taking place. Sources state that a new teleconference call between the Bank of Greece Governor Yannis Stournaras and Greek bankers will take place following this. Crucial decisions may be announced.

Greece’s brash Parliament President Zoe Konstantopoulou on Monday threatened to have Bank of Greece Gov. Yannis Stournaras — the former FinMin — brought before a Parliament committee by … force, if necessary.

Bank of Greece Governor Yannis Stournaras is to appear before Parliament?s institutions committee on Monday following the panel?s decision to summon him to testify in connection with the Siemens cash-for-contracts scandal.

Greece's banking system remains stable, the central bank governor said in a statement on Friday, seeking to calm worries after a surge in bank deposit outflows this week.

Outspoken SYRIZA MP Rachil Makri on Thursday took legal action against Bank of Greece Governor Yannis Stournaras, accusing the banking chief of ?possible malice? as regards his monetary policy report on Wednesday, which warned of a likely Greek exit from the eurozone in the event that the government fails to reach a deal with the country?s creditors.

The international press is focused on Greece’s negotiations with the International Monetary Fund, European Commission and European Central Bank. The Guardian focused on the warning issued by Bank of Greece Governor Yiannis Stournaras who wrote a report stating that Greece was on the brink of an “uncontrollable crisis”.