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Bank of Greece Governor Stournaras Proposes Abolishment of Capital Controls

Υiannis Stournaras, the Governor of the Bank of Greece, revealed on Friday that he proposed to the new Prime Minister, Kyriakos Mitsotakis, the complete abolishment of capital controls in Greece. After his meeting with the PM at Maximos Mansion, Stournaras...

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,...

Tsipras on BoG Governor Stournaras: 'We Need To Work Harder And Talk Less' (video)

Greece's Prime Minister Alexis Tsipras, in an opening statement at SYRIZA's central committee on Saturday, said that ''it is best for all of us who have responsibilities for this country to learn to work harder, be more effective and...

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 Blames Dysfunctional Institutions and Populism for the Crisis

Despite great progress, Greek institutions are lagging behind the rest of Europe, notes the Governor of the Bank of Greece, Yiannis Stournaras. In an interview with the chairman and CEO of Accenture Greece, Kyriakos Sabatakakis, Stournaras says: "Greeks working abroad...

Varoufakis: Greek PM Should Apologize to Samaras, Stournaras

"The prime minister should apologize to Messrs. Samaras and Stournaras, or stop these offensive celebrations," former Greek finance minister Yanis Varoufakis said. Varoufakis issued a statement on his personal website after the Greek government announced the issuance of five-year state...

BoG Governor Stournaras: Debt Settlement a Prerequisite for Recovery

Bank of Greece governor Yiannis Stournaras underlined the significant progress of the Greek economy since 2010 and the correction of the imbalances. Stournaras was addressing on Wednesday an Economist conference held in Frankfurt. "It is a unique progress without precedent in...

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: 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, broadening the personal income tax base and rationalizing pension spending as well as reducing non-performing...

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, during a speech at an event of the Wharton Club of Greece in Athens, titled...

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...