Calamos Supports Greece

Yannis Stournaras

Easing of Capital Controls in Greece

Greece's creditors have given Bank of Greece the green light for relaxation of capital controls, with the European Central Bank expected to give the final OK. As BoG governor Yannis Stournaras said in the Greek parliament, the request sent to...

Bank of Greece Chief Talks of Easing of Capital Controls

Bank of Greece governor Yannis Stournaras said there is a possibility of relaxing capital controls by next week, after the European Central Bank Board meeting. The BoG chief spoke after the presentation of the book "European Banking Supervision: The first eighteen...

Ministry, BoG Propose Incentives to Deposit Hidden Stashes of Cash in Banks

The Finance Ministry and the Bank of Greece have announced that they are looking to create an exemption from capital controls for any money that Greeks deposit in local banks that they have been stashing in home safety deposit...

Greece Central Bank Chief Pushes for Bailout Overhaul

According to the Financial Times, Yannis Stournaras, the bank governor of Greece's central bank has called for “a new deal” to help the country cope with the enormous task of reducing fiscal surplus before debt payments which Athens must achieve...

Bank of Greece Chief: Tsipras, Varoufakis Brought Capital Controls and €86 Βln Loan

Bank of Greece Governor Yannis Stournaras said that the failed negotiations of Alexis Tsipras and Yanis Varoufakis burdened Greeks with an additional 86-billion-euro loan and brought capital controls. Stournaras spoke on Thursday at an event organized by the Hellenic Observatory...

BoG Governor: Agreement Between Greece and Creditors a Matter of Days

An agreement between Greece and its international creditors is a matter of days, Bank of Greece (BoG) Governor Yiannis Stournaras said on Greek TV on Thursday. According to information he receives, "we are very close and it is a matter of...

BoG Governor: Greek Banks' Capital Position Particularly Strong

Greek banks’ capital position is particularly strong, Bank of Greece governor Yannis Stournaras said, addressing an event organized by the National Bank of Croatia in Zagreb. In his address, Stournaras added that actions taken so far in the non-performing loans...

BoG Governor: Greek Crisis Not Caused by Memorandums But 'Unjustifiably Expansive Fiscal Policy'

The crisis in Greece was not triggered by the austerity memorandums but an unjustifiably expansive fiscal policy, where state spending far outstripped state revenues, Bank of Greece governor Yannis Stournaras said on Monday at an event organized by the...

Pavlopoulos Meets Draghi, Says Greece's Partners Must Also Fulfill Promises on Debt

Upon concluding the review of the Greek program, Greece's partners must also live up to their end of the bargain, both in terms of debt relief and in the way the European Central Bank approached Greek bonds and the...

Bank of Greece Predicts Recession will Continue Through First Half of 2016

The Bank of Greece predicts that recession will continue through the first half of 2016, according to information ahead of the publication of the latest interim report on Monetary Policy on Friday. According to a central bank source, the return...