Greece
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Yiannis Stournaras

Bank of Greece Governor Assures Banks Deposits' Safety

Bank of Greece (BoG) governor Yiannis Stournaras reassured that deposits in Greek banks are fully secured as after the recapitalization of banks the danger of a haircut has been eliminated. Stournaras presented the new banknote of 20 euros, which will circulate...

BoG Governor: Operation of Greek Banks Will Normalize Once Deal Is Achieved

Bank of Greece (BoG) Governor Yiannis Stournaras expressed optimism on Friday that the operation of banks will normalize in the next few days, as an agreement between Greece and its creditors is imminent, according to a press release by the bank employees’...

New Democracy Criticizes Parliament President for Summoning Greek Central Banker

Greek main opposition New Democracy accused Parliament President Zoe Konstantopoulou of pursuing “personal objectives” after a parliamentary panel decided to summon Greece’s central banker Yiannis Stournaras on Friday. “New Democracy will not contribute to the tension pursued by the Parliament...

House Speaker Angrily Returns Bank of Greece Report, Accuses Bank Governor

House Speaker Zoe Konstantopoulou called the yearly Bank of Greece report on fiscal policy "unacceptable" and accused the bank governor of "uninhibited interventionism" as she returned it. Earlier today (Wednesday) the Bank of Greece 2015-2015 fiscal report was made public. It...

Bank of Greece: Failure in Negotiations Leads to Bankruptcy and Grexit

An agreement with creditors is absolutely necessary in order for Greece to avoid bankruptcy and poverty and move towards growth, says the report written by Bank of Greece Governor Yiannis Stournaras. "Failure in negotiations will be the beginning of a...

Greek Parliament President to Ask BoG Governor to Testify Before Parliament on Siemens Case

Parliament President Zoe Konstantopoulou said on Monday she plans to summon Bank of Greece (BoG) governor Yiannis Stournaras, a former Greek Finance Minister, to testify before the Parliament's Institutions and Transparency Committee in connection with the Siemens case, so that...

Bank of Greece Chief Against Postponement of IMF Repayment

Bank of Greece (BoG) governor Yiannis Stournaras expressed his disagreement over the government's decision to skip the scheduled repayment to the International Monetary Fund (IMF) and bundle all installments for June 30. Stournaras reportedly asked the government to avoid such a move because,...

Greece Delays a Looming IMF Payment Until June 30

Greece will not be able to make the €300 million payment to the International Monetary Fund (IMF) on Friday but will in fact bundle the country's four June payments into one, which is now due on June 30, in order to hand...

Canadian Financier Watsa: 'I'm Optimistic About Greece'

Canadian financier and Fairfax Financial Holdings Chief Executive Prem Watsa expressed his optimism for Greece on Monday, saying the climate in the country will be completely different next year. Watsa, whose company owns a 13.6% stake in the Greece's Eurobank, met...

BoG Report: Greece Needs Progress in Implementation of Pending Reforms‏

Greece needs to make progress in the implementation of pending reforms, while a new agreement between the country and its partners is a necessary precondition for the continuation and strengthening of an economic recovery currently underway, the Bank of...