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Bank of Greece

Speaking English Using Greek: Zolotas’ Historic Speech to World Bankers

Many Greeks recall the speeches in English — peppered with Greek-origin words and phrases — given by economist and politician Xenophon Zolotas in the late 1950s. Zolotas was director of the Bank of Greece when he appeared in front of...

Greek Economy to Receive Enormous Boost From EU Recovery Plan

  The Greek economy will receive a major boost over the coming years from the historic European Union decision to create a recovery fund, titled the "Next Generation EU" plan, agreed upon earlier this month, according to Bank of Greece...

Greece's Tourism Revenues Plunge Due to Lockdown

The coronavirus lockdown has hit tourism revenues hard, according to data published on Friday by the Bank of Greece. In the four months between January and April of 2020, the number of tourist arrivals was reduced by 36.1 percent --...

Worst-Case Scenario for Greece is Eight Percent Recession, Says BoG Chief

Estimates of a ten percent economic contraction this year were excessive, Bank of Greece (BoG) governor Yannis Stournaras said on Tuesday, while noting that he still expected the country’s GDP to shrink by 8.0 percent under the worst-case scenario. Speaking...