Yannis Stournaras

Bank of Greece governor Yannis Stournaras has confessed that he can now "sleep at night, without worrying about fiscal instability" because Greece is on the "right path" in terms of the economy.

"If the government manages to maintain the primary surplus at 2% while making the necessary reforms, we have nothing to fear," he told the Delphi Economic Forum.

The pandemic and the energy crisis gave Greek companies an opportunity to significantly increase their profit margins.

The phenomenon of profit inflation or "greedflation" was seen internationally in the period 2021-2022, but it assumed large dimensions in Greece due to the country comparatively small market, which is prone to a lack of sufficient competition.

Bank of Greece Governor Yannis Stournaras on Monday stressed Greece's need to continue the reforms and warned against complacency.

Addressing the general assembly of the central bank Stournaras spoke of a major challenge of reform fatigue, while citing data showing stagnation and a slight decline in the country's competitiveness over the past year.

Greece's economy is seen growing by 2.3% this year, well above the euro zone average, Greek central banker Yannis Stournaras said on Monday.

The projection is lower than a government estimate of 2.9% expansion.

European Central Bank policymaker Yannis Stournaras said on Tuesday that consensus was building within the European Central Bank for a rate cut in June, if inflation develops as projected.

The European Central Bank must lower borrowing costs twice before its August summer break and two more times before the end of the year, without being swayed by the US Federal Reserve, Bank of Greece chief Yannis Stournaras has said.

In an interview conducted by Kathimerini Cyprus' Panayiotis Rougalas, Bank of Greece Governor Yannis Stournaras shed light on various aspects of the Cypriot monetary policy and economic landscape.

If the Bank of Greece did not operate under the protection of the institutional framework of independence, after what happened in 2015, the country would have perhaps left the eurozone, Bank of Greece (BoG) Governor Yannis Stournaras said on Saturday during a Kathimerini conference on a panel titled "In the next 50 years, is democracy safe?" Is Greece reformable?" "Who doubts that if it wasn't

If the Bank of Greece were not independent, Greece might have exited the eurozone in 2015, Yannis Stournaras, then as now the central bank's governor, said Saturday.

Greek central banker Yannis Stournaras is to sign a memorandum of cooperation between the Bank of Greece and the Central Bank of Cyprus on Friday.

To this end, Stournaras will visit Cyprus at the invitation of the governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou, accompanied by the deputy governor of the Bank of Greece, Christina Papakonstantinou.