Yannis Stournaras

Bank of Greece Governor Yannis Stournaras on Tuesday said there were encouraging signs from the development of micro-funding in Greece.

The Greek economy will be upgraded by credit rating agencies to investment-grade level following the national elections on June 25, Bank of Greece Governor Yannis Stournaras asserted on Monday.

Tax evasion in Greece exceeds 60 billion euros annually, Bank of Greece governor Yannis Stournaras said on Monday in an interview with news website in.gr.

Incomes officially declared in the country totaled 80 billion euros, while consumption totaled 140 billion euros, he said, adding that this consumption was not accompanied by a decline in savings, which in fact continued to rise.

Whatever the outcome of the Greek general elections in May, the next day will be difficult - primarily for the economy and despite the current euphoria. As the governor of the Bank of Greece, Yannis Stournaras, said in a television interview on April 10, "the next government will face a more difficult macroeconomic environment than the previous one."

Bank of Greece Governor Yannis Stournaras on Friday set the safeguarding of the credibility of economic policy as the main goal ahead of the elections, and in this context called on the political forces to show "prudence and responsibility" and support "the national economic goals, in order to maintain the climate of confidence in the prospects of the Greek economy."

The Bank of Greece has raised its economic growth forecast for Greece this year, according to the central bank's governor, Yannis Stournaras. Presenting the bank's annual report on Friday, Stournaras said that the Greek economy is expected to grow by 2.2% in 2023, and the inflation rate is set to fall to 4.4%, with the state budget expected to record a primary surplus of 0.7%.

The eurozone is near the end of the tighter monetary policy cycle, Bank of Greece Governor Yannis Stournaras said on Wednesday.

Addressing a conference organized by the Federation of Insurance Companies of Greece, the central banker said Greece was also close to obtaining investment grade.

Giorgos Houliarakis was perhaps the most popular member of the SYRIZA government among his European Union peers. He was one of the very few people who focused on the real numbers of the economy and realistic data.

The exposure of Greek banks to Credit Suisse is "almost zero," Greek central bank chief Yannis Stournaras told Reuters on Monday.

"They (the Greek banks) are not exposed to Credit Suisse's Additional Tier 1," Stournaras, who also sits on the ECB's 26-member Governing Council, said, adding that Greek banks are solid. [Reuters]

The head of the Bank of Greece, Yannis Stournaras, is adamant that 2023 will be the year when Greece finally regains investment grade.