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BoG: State Generating More Debt Than it Is Repaying

The Bank of Greece (BoG) recently released data showing that the amount of state debt that Greece generates is mounting to figures that it...

Greece Has €5.26 Billion Euros of Gold Reserves, Half of Which is Abroad

Greece reported having some 149.1 tonnes of gold reserves at the end of 2016 amounting in the value of 5.26 billion euros, according to...

BoG: Tourists in Greece Spent Less in 2016; Hits 15-Year Low

This week the Bank of Greece (BoG) released data showing that although tourism numbers are up in Greece, the amount of money tourists are spending...

Stournaras: IMF’s Fiscal Forecasts Raise Many Questions

Bank of Greece governor Yiannis Stournaras said in a letter responding to the IMF’s report published on Monday -- which proposed among other measures,...

BoG Study: From 2008-2016 Greek Households Saw a 37.5 % Decline in Wealth

On Wednesday a study published in the Bank of Greece’s Economic Bulletin revealed that Greeks have seen their salaries shrink considerably in the period...

BoG’s Yiannis Stournaras Reiterates Need to Swiftly Conclude Second Program Review

Bank of Greece governor Yiannis Stournaras reiterated on Wednesday the need to conclude the second program review as a necessary condition for economic recovery,...

BoG: Lowest Revenue From Tourism in Three Years

According to figures from the Bank of Greece (BoG) released on Monday tourism revenues drastically decreased in 2016 compared to previous years. The data shows...

BoG Data Reveals Increase in Turks Buying Greek Properties

According to market data presented by the Bank of Greece (BoG), more and more Turks are joining in the buyer's market for Greek properties. Previously,...

Stournaras Warns of Penalties for Banks With Non-performing Loan Exposures

Bank of Greece's Yannis Stournaras has issued a stern warning to banks over non-performing loan (NPLs) exposures. On Monday a published interview with the Financial...

BoG Chief Stournaras Says ‘Progress Recorded in the Greek Economy Should Not Be Intercepted’

On Friday the Bank of Greece's (BoG) governor, Yiannis Stournaras, made an intervention on the government's negotiation with the country's lenders within the context...

Greeks Still Opting to Hide ‘Mattress Money’ Instead of Depositing in Banks

It appears that the Greek government lifting controls this summer on new money entering bank accounts has done very little to actually impact the...

BoG Reports: Greece Sees Considerable Loss in Tourism Revenue for 2016

According to data released by the Bank of Greece (BoG) on Monday, the country has seen a considerable loss in revenues from the tourism...

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