Calamos Supports Greece

Yannis Stournaras

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...

BoG Governor Sees Opportunity for Necessary Reforms

The Greek economy continues to have competition distortions in some markets and there is significant room to free its dynamism, Bank of Greece governor Yannis Stournaras said on Wednesday. Addressing an event organized by the Federation of Hellenic Label Product...

BoG Governor Urges Greece and Creditors to Compromise Before It's too Late

Governor of the Bank of Greece, Yannis Stournaras, said on Monday, that time is running out for bailout review talks and stressed that Athens and its creditors must complete the country's bailout review by February's end. "Bailout review talks are...

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...

Attica Bank Findings in the Hands of Prosecutors

The inspection of Attica Bank, Greece's fifth largest bank, conducted jointly by the Bank of Greece and European Central Bank's Single Supervisory Mechanism led to scandalous findings that have been submitted to the prosecuting authorities. Administration mismanagement has come...

Greek PM A. Tsipras: Greece is Exiting the Crisis with Society Intact

Prime Minister Alexis Tsipras addressed the Radical Left Coalition (SYRIZA) central committee on the second day of its work. He hailed constructive dialogue and pointed to a tough battle ahead following the "looting of society" that has lead to...

Greek President: 'ECB Lacks Tools for Dealing with Crises in Eurozone'

The European Central Bank lacks the necessary tools to deal effectively with the debt crisis and the banking crisis and this is one of the major shortcomings in the Eurozone, President of the Hellenic Republic Prokopis Pavlopoulos said on...