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Yiannis Stournaras

Government Fights Bank of Greece Chief Over Control of Attica Bank

Attica Bank has become the unofficial battleground in the war between Bank of Greece governor Yiannis Stournaras and the Greek government. The reason is that the BoG chief is doing his job and doesn't allow the Alexis Tsipras administration...

Theodoros Pantalakis New CEO of Attica Bank in Greece

With the consent of Bank of Greece and major shareholder TSMEDE, Theodoros Pantalakis will be the new executive director of Attica Bank, a problematic lending institution. Bank of Greece governor Yiannis Stournaras had previously turned down a proposal by the...

Bank of Greece Chief: Crisis Not Over Yet, Despite Reaching Some Fiscal Targets

The economic crisis is not over yet, despite the fact that some of the fiscal targets are met, said Bank of Greece Governor Yiannis Stournaras on Tuesday. Stournaras met with creditors' representatives to discuss non performing loans, the state of...

Stournaras Proposes Loosening of Capital Controls

Bank of Greece Governor Yiannis Stournaras announced a proposal submitted to Greece's creditors on Monday by the Greek Ministry of Finance that calls for a loosening of capital controls. During a discussion on the Bank of Greece report on...

Bank of Greece Chief Heralds Easing of Capital Controls for New Depositors

The easing of capital controls is so that people who keep their money at home would deposit them to banks, said Bank of Greece governor Yiannis Stournaras. The BoG chief spoke to German financial newspaper Handelsblatt saying that the withdrawal...

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...

Migrant Crisis Will Cost Greece More than Original Estimate of 600 Million Euros

A report released last month by the Bank of Greece had estimated that the migrant crisis may cost Greece as much as 600 million euros this year, or approximately 0.3% of its gross domestic product. Bank of Greece Director Yiannis...

Central Banker Yiannis Stournaras: Debt Talks Will Resume April 15

The debate on the reduction of Greece’s public debt is likely to start the International Monetary Fund’s (IMF) spring meeting on April 15, the country’s central banker Yiannis Stournaras said in an interview with Italian paper “Il Sole 24...

Yiannis Stournaras Speaks On Greece Exiting the Crisis

Greece is very close to exiting the crisis as long it does not repeat past mistakes, Bank of Greece governor Yiannis Stournaras said in the bank's annual report released on Thursday. In the report, the central banker noted that the...

Bank of Greece Head Optimistic about Greek Economy

“The successful conclusion of the first evaluation will have a significant impact on the confidence climate as it will mark the return of deposits to the banks and the beginning of discussions on a series of positive acts,” Bank...