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BoG Governor Stournaras: 'We Need To Shield The Greek Economy Against International Turmoil'

Bank of Greece (BoG) governor Yannis Stournaras in an interview with Greece's 'Parapolitika' newspaper on Saturday stressed the need to shield the Greek economy against international turmoil. "The international economic climate is not so friendly as some believe," Stournaras noted,...

BoG Governor Stournaras Warns: High Taxation a Danger for Greek Economy

High tax rates are a danger to economic activity in the country, Yannis Stournaras, the Bank of Greece's governor said on Tuesday. In a speech at the Greek Shipowners' Union, the central banker said that, despite positive estimates over the...

Stournaras: NPL Sales Speedup Crucial for Greek Banks

Greek banks have shown progress in tackling a stockpile of non-performing loans, Bank of Greece governor Yannis Stournaras said on Friday, but added that it would remain a challenge for the country. Greek banks are saddled with 103 billion euros...

Stournaras: Greece Needs to Urgently Address Non-Performing Loans

About one in six businesses in Greece are late in payments, Bank of Greece Governor Yannis Stournaras said on Thursday, addressing an audience at the Federation of Industries of Northern Greece (FING) in Thessaloniki. Stournaras said it is urgent to...

BoG Governor Stournaras' Spouse Files Law Suit Against Vaxevanis for Defamation

Journalist and publisher Costas Vaxevanis turned himself in to Greek police on Monday after Stavroula Nikolopoulou, spouse of BoG Governor Yannis Stournaras, filed a law suit against him on Monday over an article in his Documento newspaper, that accuses...

BoG Governor Stournaras Warns: Delays in Evaluation Adversely Affects Greek Economy

Governor of the Bank of Greece Yannis Stournaras has once again requested the immediate completion of the second evaluation, warning that delays bring into question "every single goal this year -- development, fiscal and financial." This could be considered the...

BoG Governor Stournaras Stresses Need to Swiftly Conclude Programme Review

We have to persuade our partners to reduce primary surplus targets from 3.5 percent to 2 percent until 2021, Bank of Greece (BoG) governor Yannis Stournaras on Saturday said at the Delphi Economic Forum. He explained that this would allow...

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 Times quotes Stournaras issuing a warning to banks who are unsuccessful at lowering their NPLs saying...

Greek Central Banker Stournaras Says Risks Remain as Long as Debt Relief and Reforms are Delayed

Bank of Greece Governor Yannis Stournaras called on Greece's EU partners to urgently outline debt relief measures to boost economic recovery and facilitate Greece's returns to the financial markets in 2018. Though Greece's EU creditors had promised earlier this...

Stournaras Wants Debt Relief for Greece to Bring Market Access in 2018

Greece needs debt relief because it will not regain access to markets in 2018 unless its public debt is considered sustainable, Bank of Greece governor Yannis Stournaras said on Monday, addressing the annual conference of the Greek Tourism Confederation....

Central Banker Stournaras Blames Crisis on Greek Budget Policy and Implicates Varoufakis

Bank of Greece Governor Yannis Stournaras said on Tuesday that Greece must wait for a second review of economic progress before tapping into financial markets.There is a long wait before this can happen," he said, addressing Greek lawmakers. "It...

Stournaras Sworn in as Bank of Greece Governor

Former Minister of Finances Yannis Stournaras was sworn in as the new Bank of Greece Governor on June 27 replacing the outgoing Governor Giorgos Provopoulos. The inauguration presided over by the Greek President Karolos Papoulias took place at the Presidential...

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...

Samaras Ponders Stournaras Replacement

As Greek Prime Minister Antonis Samaras prepares for a Cabinet shakeup in the wake of a second-place finish for his New Democracy Conservatives in the European Parliament elections, at the top of the list is who will replace Yannis...

Stournaras Set To Take The Fall

Still reeling from his loss to the major opposition Coalition of the Radical Left (SYRIZA) in European Parliament elections, Greece 's Prime Minister and New Democracy Conservative leader Antonis Samaras is reportedly going to jettison Finance Minister Yannis Stournaras,...