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Gikas Hardouvelis

Millions of Euros from Criminal Activities Returned to the State

The proceeds of criminal activities against the Greek State, which roughly reach 33.8 million euros, have been deposited in a  special Bank of Greece (BoG) account, based on figures presented on Tuesday to the parliamentary standing committee on economic affairs, by Greek...

Aikaterini Savvaidou Tapped for Public Revenues General Secretary

Greek Finance Minister Gikas Hardouvelis, as head of a five member committee, proposed Aikaterini Savvaidou to be appointed General Secreatary of Public Revenues following the recent resignation of Haris Theoharis. The Cabinet will make the final decision after examining the...

Greek Cabinet Shake-up Shakes Bloggers

Prime Minister Antonis Samaras reshuffled his cabinet for the second time in two years, naming a new finance minister, as he closed Parliament early for the summer break. Economics professor and banker Gikas Hardouvelis will be the new Finance Minister,...

Greece will Complete Prior Actions Before August Break, FinMin Says

Greece will have met all 12 prior actions demanded by its adjustment program before the August  summer holiday break, Greek Finance Minister Gikas Hardouvelis said in Luxembourg on Friday, after chairing the last ECOFIN council under Greece 's EU...

Eurogroup: Greek Debt Relief Under Three Conditions

Lowering the Greek debt may begin only if three conditions are met first, stated Eurogroup president Jeroen Dijsselbloem at the end of yesterday's meeting in Luxembourg. The three conditions include completing the prior actions, achieving a primary surplus and assessing...

Greek Core Changes Denied by Eurogroup

A European Commission official has stated that only a fine tuning of pending issues will be accepted by Greece's international lenders, excluding any bigger changes to the country's fiscal consolidation program. He also added that there are still some...

Gikas Hardouvelis: From Humble Beginnings to the Hot Seat of the Ministry of Finance

Gikas Hardouvelis, the new Greek Minister of Finance who replaced the much-criticized Yannis Stournaras in the hot seat of the office, was born in a small village in Arkadia, Peloponnese, to a poor family. He went to primary school in...

Economist: The Greek Government Reshuffle and Early Elections

The Economist magazine published an article today, June 13, commenting on the Greek Prime Minister’s actions and the recent Greek government reshuffle, concluding that Antonis Samaras decided to put his best players in key cabinet member positions, in order to...

Outgoing Bank Chief Says Greece Needs Growth Now

Departing Bank of Greece Governor Giorgos Provopoulos said that the only way out of a lingering economic crisis for Greece now is growth, not just the austerity measures the government imposed, and that he backed, during a lingering economic...

Stournaras Named Bank of Greece Governor

Greece's former Finance Minister Yannis Stournaras on June 11 was appointed Governor of the Bank of Greece for the next six years, taking over from George Provopoulos, who had wanted to keep the job. "It is announced that the General Council of...